Gold, silver face fresh test as US dollar, Iran crisis to shape week ahead: Analysts

Gold and silver prices declined last week with persistent US dollar strength weighing on precious metals. On MCX, gold futures fell 2.06 percent to Rs 1.44 lakh per 10 grams while silver plunged 6.4 percent to Rs 2.23 lakh per kg. Comex gold dropped 3.5 percent to USD 4,096.3 per ounce and silver slumped 10.7 percent to USD 59.67 per ounce. Analysts say bullion direction hinges on upcoming US economic data including nonfarm payrolls, unemployment figures, and Fed officials' commentary, while US-Iran tensions and Trump 100 percent tariff threats on the EU remain key swing factors.