On Thursday, gold prices on the Multi Commodity Exchange (MCX) dropped by ₹1,600 to ₹1,61,027 per 10 grams, while silver prices fell by ₹3,300 to ₹2,96,879 per kg. This decline comes as investors focus on upcoming talks between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing, which are expected to address economic issues and geopolitical tensions, particularly regarding the Iran conflict. Previously, both gold and silver had seen significant gains, with gold rising nearly ₹9,000 in the last session. The recent price adjustments are partly due to a hike in customs duties on imported precious metals, making them more expensive and widening the premium of domestic prices compared to international rates. In the international market, spot gold remained stable at $4,688.43 per ounce. Analysts suggest that gold has support levels around $4,681-4,634 and resistance levels at $4,740-4,770. For silver, support is noted at $86.60-84.00 and resistance at $92.00-95.00 per troy ounce. Investors are advised to remain cautious and avoid new buying positions until the outcomes of the summit are clearer.