Gold and silver rates declined on MCX as fresh escalations in US-Iran tensions drove oil prices up. MCX gold August futures were 0.40% down at ₹1,43,583 per 10 grams, while MCX silver September contracts were 0.26% down at ₹2,22,899 per kg around 9:15 am.
Gold and silver prices fell on MCX due to escalating US-Iran tensions, which pushed oil prices higher. This situation fueled expectations for a US Fed rate hike, negatively impacting precious metals. MCX gold August futures dropped 0.40% to ₹1,43,583 per 10 grams, while silver…
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