New Delhi, Feb. 5 -- Silver rate today declined on Thursday, February 5, snapping two sessions of gains on profit booking. The white metal has been rising for last 2 sessions amid rising geopolitical strains between the US and Iran. Gold prices also fell in today's trade.

Silver prices crashed 6% on MCX to Rs.2,52,719 per kg while Gold fell around 2% to Rs.1,48,455 per 10 gram. Meanwhile, COMEX silver prices tumbled 10% to $73.415 while COMEX Gold prices shed 1.5% to $4,805.

However, in the international markets, spot silver climbed 2.1% to $89.88 an ounce, after reaching a record high of $121.64 last week. Spot gold was up 1.1% at $5,016.89 per ounce, having scaled a record peak of $5,594.82 last Thursday. U.S. gold futures for April d...