New Delhi, April 13 -- Silver rate today declined sharply on Monday, April 13, weighed down by a stronger dollar and a surge in oil prices after U.S.-Iran peace talks failed. This led to concerns regarding persistent inflation, which could delay Federal Reserve rate cuts this year.

On MCX, Silver price fell 2.5% to Rs.2,37,190 per kg while Gold price lost 0.8% to Rs.1,51,457 per 10 grams.

Spot silver fell 2.2% to $74.23 per ounce, reflecting broad weakness across precious metals. The decline came as spot gold dropped 0.6% to $4,718.98 per ounce as of 0222 GMT, after hitting its lowest level since April 7 earlier in the session. U.S. gold futures for June delivery also slipped 1% to $4,742, indicating continued pressure across the comple...