New Delhi, Feb. 2 -- Despite elevated geopolitical tensions, trade worries, and policy uncertainty in Washington, the sell-off in precious metals deepened further in Monday's session, February 2, as investors appeared to accelerate their dumping spree. Precious metals, which were once trading at record highs, are now struggling near multi-month lows.

Apart from gold and silver, platinum prices also faced significant pressure, with spot platinum falling another 14% in today's session to a low of $1,858 per troy ounce, extending its losing streak to the third consecutive day.

Taking today's low into account, the metal has lost a cumulative 30.2% of its value in three days and is down around $1,027, or 35.6%, from the recent peak of $2,885...