Gold and silver prices have seen a sharp decline due to a dip in post-wedding season demand, offering a potential buying window despite high government import duties and global market uncertainties....
Spot gold was down 0.3 per cent to $4,462.22 per ounce and spot silver fell 0.6 per cent to $73.45 per ounce....
COMEX gold fell 0.38 per cent to $4,502.90 per ounce, while COMEX silver declined 0.74 per cent to $75.00 per ounce in early trade....
Gold and silver prices witnessed a sharp increase on the MCX due to a deepening crisis in West Asia, fueled further by Iran's threat to completely block diplomatic talks with the USA if Israel continues its military action....
Analysts believe that as geopolitical tensions and energy market shocks subside, investors will return to the old factors that have supported gold in the past years....
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