New Delhi, March 13 -- Silver rate slipped marginally on MCX on Friday as surging crude oil prices amid prolonged US-Iran war have reduced expectations for near-term U.S. interest rate cuts. Losses were capped on the back of a softer dollar.

MCX silver price declined 0.7% to Rs.2,66,001 per kg while MCX gold price was down 0.3% at Rs.1,59,764 per 10 grams.

However, in the international market, Spot silver rose 1.4% to $84.96 per ounce. Meanwhile, Spot gold gained 0.8% to $5,118.75 per ounce as of 0234 GMT, while U.S. gold futures for April delivery remained unchanged at $5,123.30.

Among other precious metals, Spot platinum advanced 0.9% to $2,151.97 and palladium climbed 1.4% to $1,640.64.

Despite the uptick, bullion has declined roug...