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Silver futures drop on subdued demand

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Silver futures on Tuesday dropped by Rs 319 to Rs 63,372 per kg as contributors diminished their bets on low demand.

On the Multi Commodity Exchange, silver contracts for December supply tumbled by Rs 319, or 0.5 per cent, to Rs 63,372 per kg in a enterprise turnover of 13,070 tons.

Silver traded decrease by 0.85 per cent at USD 24.59 per ounce in New York.

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