Silver futures drop on subdued demand

New Delhi, Jan 27 (PTI) Silver futures dropped by Rs 285 to Rs 66,250 per kg on Wednesday as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for March delivery tumbled Rs 285, or 0.43 per cent, to Rs 66,250 per kg in a business turnover of 11,969 lots.

Globally, silver traded 0.23 per cent lower at USD 25.48 per ounce in New York. PTI SHW RUJ RUJ