NEW DELHI: The Indian bullion market witnessed a sharp decline in precious metal prices due to the ongoing Iran conflict and global market volatility. In just three days, silver prices plummeted by ₹18,138, settling at ₹2.50 lakh per kg. Similarly, gold prices dropped by ₹4,778 to reach ₹1.55 lakh per 10 grams. Investors are closely monitoring the geopolitical situation as market dynamics continue to shift.