Silver rate today, Feb. 17 -- Silver and gold prices extended their downward momentum on Tuesday, February 17, weighed down by thin trading across key Asian markets on account of Lunar New Year holidays, while stronger US dollar added to the pressure.

On MCX, silver price fell 2% to its day's low of Rs.2,35,206 per kg while MCX Gold rate declined 0.7% to Rs.1,53,550 per 10 grams.

In international markets, Spot silver declined 2.7% to USD $74.51 per ounce, after sliding more than 3% earlier in the session. Whereas, Spot gold slipped 0.9% to USD $4,947.98 per ounce by 0110 GMT, having fallen 1% earlier in the day. Meanwhile, U.S. gold futures for April delivery dropped 1.6% to USD $4,966.80 per ounce.

Among other precious metals, spot pl...