Silver futures drop on subdued demand

New Delhi, Nov 4 (PTI) Silver futures on Wednesday dropped by Rs 1,506 to Rs 61,179 per kg as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for December delivery tumbled by Rs 1,506, or 2.4 per cent, to Rs 61,179 per kg in a business turnover of 13,896 lots.

Silver traded lower by 3.06 per cent at USD 23.59 per ounce in New York. PTI SHW RUJ RUJ