Gold prices extend losses to second day, trades near Rs 98,500/10gm. Analysts flag further downside

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Gold and silver prices extended losses for a second day, tracking equity market weakness and a stronger U.S. dollar index. October gold futures fell to Rs 98,460/10gm, while silver dipped to Rs 1,09,798/kg. Hawkish Fed commentary, new U.S. tariffs, and slowing demand outlook further pressured bullion amid global market volatility.