Silver futures drop on subdued demand

New Delhi, Feb 2 (PTI) Silver futures on Tuesday dropped by Rs 3,076 to Rs 70,590 per kg as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for March delivery tumbled by Rs 3,076, or 4.18 per cent, to Rs 70,590 per kg in a business turnover of 13,880 lots.

Silver traded lower by 6.01 per cent at USD 27.65 per ounce in New York. PTI SHW RUJ RUJ