Silver rate today, April 4 -- After climbing to an all-time high of Rs.4,20,088 per kg on the Multi Commodity Exchange (MCX), the silver rate today in India is at Rs.2,32,600 per kg, around Rs.1,87,500 or 45% below the record high. After the outbreak of the US-Iran war, the market was expecting a sharp rally in gold and silver prices, but the precious metals have remained sideways to negative over the last five weeks.

According to market experts, gold and silver prices have remained sideways to negative during the US-Iran war because the war led to a surge in crude oil prices, which strengthened the US dollar. This negated the chances of a US Fed rate cut in the near future due to the renewed fears of inflation as the majority of the cou...