Gold prices extend losses to second day, trades near Rs 98,500/10gm. Analysts flag further downside

Gold October futures slipped to Rs 98,460/10g, extending losses amid profit booking and a strong U.S. dollar.

Silver September futures edged lower to Rs 1,09,798/kg, tracking weakness in global metals markets.

Stronger-than-expected U.S. GDP data and Fed’s hawkish tone pushed gold and silver to four-week lows.

Tariff uncertainty and sluggish H2 2025 demand outlook are expected to keep precious metals volatile in near term.