New Delhi, July 15 -- Gold and silver prices declined in the domestic futures market on Wednesday (15 July) morning despite a surprise slowdown in US inflation which dimmed the prospects of aggressive rate hikes by the US Federal Reserve this year and eased the US dollar.

MCX gold August futures were 0.55% down at Rs.1,41,471 per 10 grams, while MCX silver September futures were 0.41% down at Rs.2,22,266 per kg around 9:15 am.

The US dollar index eased further to 100.76 from 100.92 in the previous session as investors dialed back expectations of US Fed rate hikes even as crude oil prices traded higher in futures market as US President Donald Trump warned of additional strikes on Iran but ​scrapped a plan to levy shipping through t...