New Delhi, July 22 -- The price of the yellow metal in India's retail market rose on Wednesday, 22 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 22 July was trading 1.18% higher at Rs.145,240 per 10 grams. MCX silver futures, on the other hand, were also trading about 1.15% higher at Rs.225,860 per kg at around 9:13 am.

Oil prices climbed 2% on Wednesday to a five-week high, on worries that energy ‌supply disruptions could worsen in the Middle East due to more attacks between the US and Iran and a threatened naval blockade of Saud...