Silver rate today, June 3 -- Silver prices edged lower in India as well as in the international markets on Wednesday, 3 June, as stronger-than-expected US jobs data reinforced expectations that the US Federal Reserve will keep interest rates elevated for longer. Moreover, traders remained on edge from escalating tensions in the Middle East and uncertainty surrounding US-Iran peace negotiations.

In India, Silver price on MCX fell 0.24% to Rs.2,66,066 per kg, while MCX gold rate was flat at Rs.1,55,549 per 10 grams.

Spot silver was down 0.6% at $74.60 an ounce, while spot gold slipped 0.3% to $4,475.30 an ounce as of 9:02 a.m. in Singapore.

The precious metals market remained caught between competing forces. On one hand, escalating tensi...