New Delhi, July 8: Gold and silver prices declined as investors reacted to renewed geopolitical tensions following fresh US strikes on Iran, leading to cautious sentiment across global markets.
The movement in precious metal prices came as traders assessed the impact of the developments on global risk appetite, currency movements and commodity markets. While gold and silver are traditionally viewed as safe-haven assets during periods of uncertainty, changing market expectations and profit-taking influenced prices during the session.
Analysts said investors are closely monitoring further developments in the Middle East, along with global economic indicators and interest rate expectations, which could shape the near-term direction of precious metals.
Market participants are expected to remain watchful as geopolitical risks, inflation concerns and broader financial market trends continue to influence gold and silver prices.