Silver rate today, June 10 -- Silver prices in India fell sharply on Wednesday, extending recent losses as investors reacted to a stronger US dollar, rising crude oil prices and growing expectations of higher interest rates. The decline came as renewed military tensions between the United States and Iran heightened concerns about inflation, prompting markets to reassess the outlook for monetary policy.

MCX Silver rate fell almost 2% to Rs.2,34,000 per kg, while, MCX Gold price lost 1.7% to Rs.1,49,888 per 10 grams.

Spot silver dropped 1.5% to $64.43 per ounce, while spot gold fell 1.8% to $4,187.59 per ounce by 0230 GMT, touching its lowest level since March 23. US gold futures for August delivery also declined 1.7% to $4,213.40.

The l...