Gold prices witnessed a decline over the past week, slipping by 0.81 per cent as geopolitical tensions and macroeconomic concerns weighed on investor sentiment. Currently, gold futures stand at Rs 1,51,363, while silver futures stand at Rs 2,47,500 per kg, as per IANS.

The lack of progress in negotiations between the United States and Iran reduced expectations of near-term interest rate cuts, putting pressure on the yellow metal.