New Delhi, March 26 -- After a brief rally, precious metals resumed their losing streak on Thursday, 26 March, as conflicting signals from the US and Iran on potential ceasefire talks kept traders on edge. Meanwhile, ongoing attacks in West Asia show no signs of easing, keeping crude-led inflation fears intact.

May silver futures on COMEX reversed Wednesday's gains, tumbling $5.58 to an intraday low of $67 per troy ounce, erasing the entire previous session's rally. April gold futures also came under renewed selling pressure, plunging $143 to hit an intraday low of $4,409 per troy ounce.

Gold has been trading below $5,000 per troy ounce since 18 March and has declined 23% as of today's low. The metal has fallen over 15% since the US-Isr...