New Delhi, May 19 -- Precious metals came under renewed pressure on Tuesday, 19 May, as elevated crude oil prices kept bond yields near multi-year highs, reducing the appeal of safe-haven assets. A stronger US dollar also weighed on bullion prices.

Both gold and silver oscillated between gains and losses but remained largely tilted to the downside. Comex gold fell by $91 per troy ounce to an intraday low of $4,467, while silver futures declined more sharply by $4.1 per ounce to $73.34, extending losses for a fourth straight session.

Bullion prices have remained under pressure as elevated energy prices continue to fuel global inflation concerns, strengthening expectations that major central banks may keep interest rates higher for longer...