Silver futures drop on subdued demand

NEW DELHI: Silver futures on Wednesday dropped by Rs 235 to Rs 68,980 per kg as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 235, or 0.34 per cent, to Rs 68,980 per kg in a business turnover of 12,532 lots.

In international market, silver traded lower by 0.24 per cent at USD 26.82 per ounce in New York.