Gold, Silver Prices Today:Silver drops Rs 2,000, gold below Rs 1.6 lakh as rising crude oil prices dent rate cut hopes. What should investors do?

Gold and silver prices opened lower on Friday due to soaring energy prices dampening expectations for near-term US interest rate cuts. Investors await the Personal Consumption Expenditures index, while international gold prices edged higher. Experts advise trading within specified ranges, with long-term investors encouraged to accumulate on dips.