New Delhi, April 2 -- Silver rate today declined nearly 6% on Thursday, April 2, after U.S. President Donald Trump's much-anticipated address failed to offer any reassurance on a possible de-escalation of the Middle East war, dampening sentiment across precious metals.

Trump said the United States would continue its military campaign in Iran over the next few weeks, signalling that geopolitical tensions were likely to remain elevated. His remarks triggered sharp moves across commodities and financial markets, with investors reacting to the prospect of prolonged conflict.

On MCX, silver price fell 5.6% or Rs.13,613 to Rs.2,29,888 per kg, while Gold price on MCX declined 1.65% or Rs.2,547 to Rs.1,51,161 per 10 grams.

In international mar...