Gold and silver prices slip nearly 1 pc amid geopolitical tensions

Gold and silver prices declined nearly 1% on the Multi Commodity Exchange amid global pressure. Strong US dollar, rising bond yields, and geopolitical tensions weighed on sentiment. Crude oil above $100 per barrel added inflation concerns. Gold futures opened 0.39% lower at Rs 1,51,167 per 10 grams, while silver futures declined as much as 0.95% or Rs 2,313 to Rs 2,39,200.