New Delhi, April 24 -- Silver price in India slipped on Friday, April 24, tracking weakness across precious metals as a sharp surge in crude oil prices, rising bond yields and a stronger U.S. dollar weighed on sentiment.
MCX Silver rate fell 1% or over Rs.2,300 to Rs.2,39,200 per kg, whereas, MCX Gold price lost 0.4% or over Rs.600 to Rs.2,41,513 per 10 grams.
In global markets, Spot silver fell 0.3% to $75.22 per ounce. Meanwhile, Spot gold edged down 0.1% to $4,686.29 per ounce as of 0230 GMT and is down 3% so far this week, snapping a four-week winning streak. U.S. gold futures for June delivery fell 0.5% to $4,702. Among other metals, platinum declined 0.6% to $1,993.63, and palladium dropped 0.3% to $1,464.12.
The pressure comes a...
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