New Delhi, March 5 -- Silver prices moved higher on Thursday, March 5, as intensifying conflict in the Middle East pushed investors toward traditional safe-haven assets, while a softer US dollar added further support to bullion. Gold price also advanced. The regional war entered its sixth day with no clear path to de-escalation, keeping markets on edge. The continuous attacks have resulted in the shutdown of the Strait of Hormuz, disrupting global energy supply routes.

On MCX, Silver price jumped 3.3% or Rs.8,691 to Rs.2,74,251 per kg while MCX Gold price advanced 1% or Rs.1,617 to Rs.1,63,142 per 10 grams.

Spot silver climbed 1.2% to $84.43 per ounce, while spot gold rose 0.8% to $5,176.69 per ounce by 0101 GMT. U.S. gold futures for A...