India, July 23 -- Gold and silver prices are expected to remain under pressure in the short term as central banks maintain a hawkish posture and delay interest rate cuts in response to heightened crude oil prices, analysts said.

While crude oil-driven inflation traditionally boosts precious metals, analysts warn that hawkish monetary policy responses could cap near-term gains for bullion.

According to experts, the bullion market's reaction to oil price shocks now depends less on inflation figures alone and more on how central banks respond. "Historically, sharp rallies in crude oil prices have triggered inflationary pressures, as witnessed during the 1970s oil embargo and several Middle East crises," said Manav Modi, Commodities Analyst...