Silver futures drop on subdued demand

NEW DELHI: Silver futures on Thursday dropped by Rs 750 to Rs 67,250 per kg as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 750, or 1.1 per cent, to Rs 67,250 per kg in a business turnover of 12,466 lots.

Similarly, silver traded lower by 0.86 per cent at USD 26.16 per ounce in New York.