Gold, Silver Plunge for 2nd Day on Profit Booking, Easing Global Tensions

• Precious metal prices declined sharply in New Delhi for the second consecutive day.
• Silver dropped nearly 5 percent to Rs 2.55 lakh per kg, while gold slipped to Rs 1.57 lakh per 10 grams.
• The decline was primarily driven by profit-taking at elevated levels by investors.
• Globally, bullion prices rebounded sharply by over 4 percent after an initial plunge.
• Weak jobs data supported precious metals, but hopes of a US-Iran talks breakthrough capped gains.