Silver futures drop on subdued demand

New Delhi, Jan 8 (PTI) Silver futures dropped by Rs 1,662 to Rs 68,300 per kg on Friday as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for March delivery tumbled Rs 1,662, or 2.38 per cent, to Rs 68,300 per kg in a business turnover of 13,741 lots.

Globally, silver traded 2.79 per cent lower at USD 26.50 per ounce in New York. PTI SHW RUJ RUJ