Gold slips below Rs 1.52 lakh amid geopolitical tensions and rate uncertainty. Precious metals markets are experiencing sharp volatility as investors navigate stalled U.S.-Iran peace talks following the cancellation of planned diplomatic envoy visits to Islamabad. MCX silver futures fell Rs 1,334 per kg while gold futures remained relatively stable. The broader concern centers on how Middle East tensions and crude oil price movements will influence central bank monetary policy decisions this week. Rising oil prices typically fuel inflation, pushing interest rates higher, which reduces gold's appeal despite its traditional inflation hedge status. Analysts suggest gold may find support at Rs 1,50,800-Rs 1,50,000 with resistance at Rs 1,53,500-Rs 1,54,200. Silver support levels stand at Rs 2,38,800-Rs 2,35,000.
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