Silver futures drop on subdued demand

Silver futures dropped by Rs 1,094 to Rs 67,924 per kg on Tuesday as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for March delivery tumbled Rs 1,094, or 1.59 per cent, to Rs 67,924 per kg in a business turnover of 13,582 lots.

Globally, silver traded 1.44 per cent lower at USD 26 per ounce in New York.