Silver futures drop on subdued demand

New Delhi, Nov 19 (PTI) Silver futures on Thursday dropped Rs 993 to Rs 61550 per kg as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for December delivery tumbled Rs 993, or 1.59 per cent, to Rs 61,550 per kg in a business turnover of 12,757 lots.

Silver traded 1.65 per cent lower at USD 24.05 per ounce in New York. PTI RUJ ANS ANS