New Delhi, May 14 -- Silver prices in India declined on Thursday, 14 May, on profit booking after the white metal jumped over 6% in the previous session, after the Indian government unexpectedly raised import tariffs on gold and silver to nearly 15% from 6%, a move aimed at protecting the rupee and strengthening the country's foreign exchange reserves.

Silver prices on MCX fell 1.9% to Rs.2,94,450 per kg, while gold prices fell 0.7% to Rs.1,61,027 per 10 grams.

Meanwhile, international precious metal markets also remained relatively subdued as investors focused on high-level discussions between US President Donald Trump and Chinese President Xi Jinping, while also monitoring developments related to the Iran conflict.

In the global mark...