Gold slips near 1.51 lakh as silver falls to Rs 2,300 amid oil surge and war fears

Crude near $110 and Hormuz tension shake bullion

Gold and silver opened lower on MCX as crude oil prices pushed toward $110 per barrel, reviving inflation concerns and uncertainty over rate expectations. Tensions around the Strait of Hormuz further boosted volatility in bullion markets. Analysts say the near-term outlook is likely range-bound, with traders watching key support and resistance levels.