New Delhi, July 10 -- The price of the yellow metal in India's retail market declined on Friday, 10 July, amid renewed tensions between the United States and Iran, with US President Donald Trump saying the ceasefire between the two is over.

Both 24-karat and 22-karat gold rates are showing a marginal decline across major cities. Silver prices, on the other hand, increased in the domestic bullion market.

MCX gold rate on 10 July was trading 0.28% lower at Rs.145,460 per 10 grams. MCX silver futures, on the other hand, were trading about 0.10% higher at Rs.227,160 per kg at around 9:08 am.

Trump said Wednesday evening that he does not know whether Washington and Iran are returning to a full-fledged war, but told reporters that Iran "badl...