Gold prices fall Rs 1,500/10 gram, silver dips Rs 2,100/kg as oil rally outweighs US inflation data. What should investors do?

Gold futures on MCX fell Rs 1,517 to Rs 1,40,740 per 10 grams, while silver futures dropped Rs 2,125 to Rs 2,21,064 per kg, as rising oil prices driven by US-Iran tensions outweighed softer US inflation data. Spot gold declined 0.5% to $4,035.67 per ounce and silver slipped 0.3% to $58.48 per ounce internationally, with the dollar strengthening on expectations of prolonged elevated interest rates. Experts advise booking profits on every rise in existing long positions, though long-term investors can continue to hold.