Gold, Silver Prices Plunge: Silver Down 5% to Rs 2.55 Lakh/kg, Gold to Rs 1.58 Lakh/10g

• Precious metals prices declined over 5 percent in New Delhi on Friday.
• Silver slumped Rs 13,500 (5.03%) to Rs 2,55,000 per kilogram.
• Gold of 99.9 percent purity dived Rs 2,400 (1.5%) to Rs 1,58,500 per 10 grams.
• Decline attributed to broader market sell-off and cautious investor stance ahead of US consumer inflation data.
• Easing geopolitical tensions and concerns over softer Chinese industrial demand also dampened safe-haven demand.