New Delhi, June 10 -- The yellow metal declined today on 10 June (Wednesday) amid renewed tensions between the United States and Iran. Prices slipped further after the US launched attacks on Iran against the downing of a helicopter jolting global markets and hiking inflation fears.

Bullion fell as much as 2% to below $4,175 an ounce on Wednesday, having slid 1.6% in the previous session, according to Bloomberg. Spot gold fell 2% to $4,175.85 an ounce at 10:55 a.m. in Singapore, it added.

Silver slid 2.3% to $63.86 an ounce. Platinum and palladium also retreated. The Bloomberg Dollar Spot Index, a gauge of the US currency, was little changed.

Gold is about a fifth below where it was trading before the war broke out at the end of Februar...