Precious metals face headwinds as geopolitical tensions weigh on markets. Gold futures on MCX declined 0.3% to Rs 1,60,516 per 10 grams, while silver dropped 2% to Rs 2,62,892 per kg on Thursday. US tariff uncertainty and ongoing US-Iran tensions kept investors cautious despite a weaker dollar typically supporting bullion. Internationally, spot gold edged up 0.3% to $5,184.43 per ounce and silver gained 0.1% to $89.49. Analysts recommend booking profits at higher levels and waiting for corrective dips before entering fresh positions. Key support levels remain intact with gold expected to hold above $4,940 and silver above $74 per troy ounce. Volatility will likely persist amid dollar fluctuations and geopolitical developments.
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