Silver futures drop on subdued demand

New Delhi, Nov 18 (PTI) Silver futures on Wednesday dropped Rs 284 to Rs 62,964 per kg as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for December delivery tumbled by Rs 284, or 0.45 per cent, to Rs 62,964 per kg in a business turnover of 12,931 lots.

Silver traded lower by 0.09 per cent at USD 24.63 per ounce in New York. PTI SHW RUJ RUJ