Silver rate today rises as dollar weakens, oil prices retreat amid US-Iran peace hopes
Silver rate today, June 4 -- Silver prices in India as well as globally, moved higher on Thursday, supported by a weaker US dollar and declining crude oil prices, as investors evaluated renewed hopes for a resolution to the US-Israeli war with Iran.
MCX silver rate was flat but in the green, It rose 0.3% to Rs.2,63,711 per kg. Meanwhile, MCX gold price was flat at Rs.1,54,332 per 10 grams
Silver advanced, with spot silver climbing 0.6% to $73.13 per ounce. Spot gold rose 0.7% to $4,461.09 per ounce as of 0218 GMT, while US gold futures for August delivery gained 0.5% to $4,487.90.
The US dollar eased during the session, making dollar-denominated bullion cheaper for holders of other currencies and boosting demand for precious metals.
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