Silver rate todayAI Quick ReadSilver rate today declined sharply on Monday, April 13, weighed down by a stronger dollar and a surge in oil prices after U.S.-Iran peace talks failed. This led to concerns regarding persistent inflation, which could delay Federal Reserve rate cuts this year.
On MCX, Silver price fell 2.5% to ₹2,37,190 per kg while Gold price lost 0.8% to ₹1,51,457 per 10 grams.
Spot silver fell 2.2% to $74.23 per ounce, reflecting broad weakness across precious metals. The decline came as spot gold dropped 0.6% to $4,718.98 per ounce as of 0222 GMT, after hitting its lowest level since April 7 earlier in the session. U.S. gold futures for June delivery also slipped 1% to $4,742, indicating continued pressure across the complex.
Among other metals, platinum fell 0.5% to $2,034.95, while palladium rose 1% to $1,535.77.
The primary trigger behind the decline is the dollar strengthening 0.4%, adding pressure to precious metals. A stronger dollar makes dollar-denominated metals more expensive for other currency holders, dampening demand. Silver is also facing additional pressure due to its industrial nature, as rising energy costs and prolonged geopolitical tensions raise concerns about slower global growth.
At the same time, a sharp jump in oil prices, which climbed to around $104 per barrel after the U.S. Navy prepared a blockade of the Strait of Hormuz following failed U.S.-Iran talks. The move raised concerns over disruptions to Iranian oil shipments, while Iran’s Revolutionary Guards warned that any military vessels approaching the Strait would be treated as a ceasefire breach and dealt with decisively, escalating geopolitical tensions.
This surge in oil prices fuelled inflation worries, which in turn is reshaping interest rate expectations. Traders now see little chance of a U.S. Federal Reserve rate cut this year, a sharp shift from earlier expectations of two rate cuts before the Middle East conflict began. Higher-for-longer interest rates reduce the appeal of non-yielding assets like silver. While inflation typically supports safe-haven demand for precious metals, the current environment of elevated interest rates is offsetting that benefit.
Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience.
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Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism.
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Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends.
An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.