New Delhi, April 20 -- Silver price today edged lower as the dollar strengthened, while renewed tensions in the Middle East and the closure of the Strait of Hormuz pushed oil prices higher and reignited inflation concerns.

MCX Silver rates fell around 2% to Rs.2,52,304 per kg on Monday, April 20, while MCX Gold price lost over 1% to Rs.2,57,142 per 10 grams.

Among key metals, spot silver fell 0.5% to $80.36 per ounce. Platinum held steady at $2,103.38, while palladium slipped 0.1% to $1,556.45.

Spot gold was down 0.4% at $4,809.71 per ounce, as of 0155 GMT, after hitting its lowest level since April 13 earlier in the session. U.S. gold futures for June delivery declined 1% to $4,829.40.

The dollar index strengthened, making greenback-...