Silver futures drop on subdued demand

New Delhi: Silver futures on Wednesday dropped by Rs 546 to Rs 60,025 per kg as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for December delivery tumbled by Rs 546, or 0.9 per cent, to Rs 60,025 per kg in a business turnover of 16,404 lots.

Silver traded lower by 0.51 per cent at USD 23.80 per ounce in New York.