Silver slips Rs 5,500; gold at Rs 1.6 lakh/10 gram as traders navigate tariff, geopolitical uncertainty. Time to be cautious?

Gold and silver prices opened lower on Thursday due to ongoing US tariff policy uncertainty and US-Iran tensions, despite a weaker dollar. MCX futures for gold and silver saw significant declines. In international markets, spot gold and silver prices edged higher, reaching three-week highs.