Silver futures tumble 2% on subdued demand

On Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 1,456 to Rs 66,071 per kg.

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Participants reduced their bets on low demand.
NEW DELHI: Silver futures on Monday dropped Rs 1,456 to Rs 66,071 per kg as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 1,456, or 2.16 per cent, to Rs 66,071 per kg in a business turnover of 12,403 lots.

Silver traded lower by 2.68 per cent at USD 25.62 per ounce in New York.

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