Silver rate today, March 12 -- Silver prices slipped marginally on Thursday as a stronger dollar and fading hopes of near-term interest rate cuts continued to pressure the metal. Expectations for rate cuts weakened after higher oil prices and recent US inflation data signalled persistent price pressures. Gold prices also slipped marginally.

MCX silver rate fell 0.86% to Rs.2,66,174 per kg while MCX gold price was down o.4% to Rs.1,61,081 per 10 grams.

Spot silver slipped 0.3% to $85.49 per ounce. Spot gold eased 0.1% to $5,172.86 per ounce as of 0221 GMT after falling over 1% in early deals, while US gold futures for April delivery were unchanged at $5,178.

Among other precious metals, spot platinum gained 0.1% to $2,171.19 per ounce a...