Gold and silver prices fell sharply on MCX on Tuesday, reversing gains from the previous session, as a stronger U.S. dollar dampened demand and investors tracked U.S.-Iran peace talks and interest-rate expectations.

Gold and silver futures face potential declines, with bearish trends suggesting further drops in prices ahead.

Gold prices rose on MCX on Monday, snapping a two-day decline after oil prices softened amid signs of progress in U.S.-Iran peace talks. The recovery comes after a sharp selloff…