Gold and silver prices fell in the international market on Monday, with the decline expected to impact domestic rates as well. According to market data, gold slipped by 0.49 per cent to $4,654 per ounce, while silver dropped 1.20pc to $72 per ounce.
Market experts noted that the president’s strong rhetoric has heightened uncertainty among global investors, prompting a shift in sentiment that weighed on precious metal prices.
Expectations of a possible de-escalation had been supporting the market, but those hopes have now diminished, an analyst said.
The impact of the global decline is likely to reflect in local bullion markets later in the day.
Investment experts have advised caution, urging investors to closely monitor developments in the geopolitical and economic landscape before making decisions.
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