New Delhi, July 17 -- The price of the yellow metal in India's retail market rose on Friday, 17 July, amid continued tensions between the United States and Iran.

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

MCX gold rate on 17 July was trading 0.31% higher at Rs.141,220 per 10 grams. MCX silver futures, on the other hand, were trading about 0.04% lower at Rs.215,950 per kg at around 9:13 am.

Oil prices rose on Friday as investors weighed escalating tensions between the United States and Iran after Tehran vowed to target regional infrastructure if US President Donald Trump followed through on threats to strike the cou...