SRINAGAR: Silver prices tumbled 6 percent on Friday, falling to Rs 3,75,900 per kg on the Multi Commodity Exchange (MCX), after hitting a record high of Rs 4,20,048/kg on Thursday. The decline, attributed to a firmer US dollar, comes even as silver remains on track for its strongest monthly gain on record, up roughly 62 percent in January. Globally, spot silver slipped 0.2 percent to $115.83 an ounce after touching a fresh all-time high of $121.64 on Thursday. Gold prices also fell, with spot gold down 0.9 percent at $5,346.42 an ounce, after reaching a record $5,594.82 a day earlier. The decline in silver and gold comes amid subdued US labour market signals and ongoing geopolitical tensions, including reports of potential US actions against Iran.