Mumbai, May 15 -- Gold futures slipped below $4,600 an ounce, with the silver futures falling below $78 an ounce in Asia electronic trades on Friday, retreating from two-month highs as a stronger US dollar and mounting inflation fears pressured precious metals. MCX July silver futures plunged over Rs 15,000 to Rs 275,835 per kg after touching a record Rs 304,891 earlier this week. MCX Gold futures for June delivery traded lower by nearly 2%, hitting an intraday low of Rs 158800 per 10 grams. Persistent inflation fueled by the prolonged Iran war and the closure of the Strait of Hormuz has strengthened expectations of a Federal Reserve rate hike, pushing the dollar index near 99 and weighing heavily on silver prices. Markets have now largely ...