New Delhi, April 23 -- Silver prices in India declined on Thursday, tracking weakness across the precious metals pack as elevated crude oil prices raised fresh concerns around inflation and prolonged high interest rates. The decline comes amid continued uncertainty over stalled U.S.-Iran peace talks, which has kept global markets on edge.

MCX Silver rate fell 2.5% or over Rs.6,100 to Rs.2,42,220 per kg, while MCX Gold price lost 0.6% or around Rs.1,000 to Rs.1,51,719 per 10 grams.

In global markets as well, Spot silver fell 1.4% to $76.64 per ounce. Other metals also remained under pressure, with platinum down 1.3% to $2,048.25 and palladium slipping 1% to $1,529.25. For reference, spot gold declined 0.7% to $4,705.09 per ounce, while U...