Gold drops Rs 1,000/10 gms; silver falls 0.5% as Iran-US tensions boost dollar strength: What lies ahead?

Gold and silver prices edged lower on MCX on Monday as a stronger US dollar, driven by escalating Middle East tensions, weighed on precious metals. Gold futures fell 0.68% while silver declined around 0.5%, tracking global weakness where gold has plunged about 16% this month—its steepest fall since 2008.