New Delhi, Feb. 27 -- Silver rate today jumped over 3% on MCX on Friday, February 27 amid uncertainty in US-Iran nuclear negotiations, which were extended without a clear breakthrough, keeping geopolitical tensions elevated. At the same time, the US dollar hovered near three-week highs, limiting gains in the yellow metal by making dollar-denominated gold more expensive for holders of other currencies.

MCX Silver rate rose 3.2% or Rs.8,340 to Rs.2,68,009 per kg, while MCX Gold price added 0.3% to Rs.1,60,234 per 10 grams.

In international markets, Spot silver gained 0.6% to $88.81 per ounce, after touching a three-week high on Wednesday. Spot gold was steady at $5,187.39 per ounce as of 0146 GMT. Earlier in the week, bullion had climbed ...