Gold, silver prices decline on MCX as US-Iran tensions fuel Fed rate hike expectations
New Delhi, July 9 -- Gold and silver prices declined on the MCX in the morning trade on Thursday, 9 July, as fresh tensions between the US and Iran fuelled inflation concerns and expectations of aggressive monetary tightening this year.
MCX gold August futures were 0.30% down at Rs.1,43,275, while MCX silver September futures were 0.76% down at Rs.2,21,749 per kg around 9:15 am.More to come.
Published by HT Digital Content Services with permission from MINT....
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