Silver dips Rs 2,300, gold at Rs 1.51 lakh as oil surge, Iran war uncertainty raise inflation worries. What’s next?

Gold and silver opened lower on MCX amid rising crude oil prices near $110 per barrel, fuelling inflation concerns and rate outlook uncertainty. Geopolitical tensions in the Strait of Hormuz added to volatility. Analysts expect range-bound trading with key support and resistance levels guiding near-term strategy across bullion markets.