Silver futures drop on subdued demand

New Delhi, Feb 23 (PTI) Silver futures on Tuesday dropped by Rs 12 to Rs 70,420 per kg as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for March delivery tumbled by Rs 12, or 0.02 per cent, to Rs 70,420 per kg in a business turnover of 11,998 lots.

However, silver traded higher by 0.07 per cent at USD 28.15 per ounce in New York. PTI SHW RUJ RUJ