New Delhi, April 22 -- Silver prices in India rebounded on Wednesday, snapping a two-day losing streak as easing oil prices and a softer dollar improved the metal's appeal. The move came after U.S. President Donald Trump announced an extension of the Iran ceasefire, reducing immediate fears of an inflation spike and aggressive interest rate moves.

MCX Silver price jumped 2% or over Rs.4,800 to Rs.2,49,423 per kg, while MCX Gold rate added 1.3% or over Rs.2,000 to Rs.1,53,699 per 10 grams.

Meanwhile, globally as well, Spot silver rose 1.5% to $77.84 per ounce, tracking gains across the precious metals complex. The rally in silver also tracked a recovery in gold, which rose 0.9% to $4,755.11 per ounce after hitting its lowest level since ...