Silver tumbles Rs 11,700, gold down Rs 1,600 as Iran war tensions stoke inflation worries. All eyes on Trump-Xi meet

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Gold and silver prices opened sharply lower on MCX Friday, driven by rising energy prices fueling inflation concerns and expectations of prolonged high interest rates. Investors are closely watching U.S.-China trade talks, with gold and silver futures experiencing significant dips. Spot gold and silver also declined internationally, reflecting market pressure.