New Delhi, July 2 -- The price of the yellow metal in India's retail market dropped on Thursday, 2 July, with both 24-karat and 22-karat gold rates showing marginal declines across major cities. Silver prices, on the other hand, increased in the domestic bullion market.

MCX gold rate on 2 July for August futures contracts was trading 0.17% lower at Rs.144,560 per 10 grams. MCX silver futures, on the other hand, were trading about 0.71% higher at Rs.231,850 per kg at around 9:13 am.

Oil prices fell today after United States President Donald Trump said US talks with Iran in Qatar were going well. Brent crude futures, the international benchmark, fell 1.9% to close at $71.57 per barrel. The contract dropped roughly 21% last month, notching...