New Delhi, April 6 -- Silver rate today declined on Monday, April 6, tracking a broader fall in precious metals as a stronger U.S. dollar, rising Treasury yields, and fading hopes of U.S. Federal Reserve interest rate cuts weighed on investor sentiment. The weakness came even as geopolitical tensions in the Middle East intensified, lifting oil prices and raising concerns about inflation. Gold price was also down.
On MCX, Silver rate lost around 1% to Rs.2,30,465 per kg, while gold price fell 0.7%x to Rs.1,48,633 per 10 gram.
In the international markets, Spot silver fell 1% to $72.28 per ounce, while spot gold dropping 1.2% to $4,620.68 per ounce, and U.S. gold futures for April delivery also slipped 0.7% to $4,647.10. Other precious me...
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