Gold and silver opened sharply lower on MCX Monday as soaring energy prices dampened hopes of near-term U.S. rate cuts. MCX April gold fell Rs 1,811 to Rs 1,56,655/10g, while May silver dropped Rs 4,335 to Rs 2,55,101/kg. Rising oil prices and inflation are keeping precious metals under pressure, with futures expected to weaken further amid geopolitical uncertainty.
