New Delhi, July 23 -- The price of the yellow metal in India's retail market declined on Thursday, 23 July, amid continued tensions between the United States and Iran, with US President Donald Trump threatening to carry out strikes on Iranian infrastructure in response to any attack on ships moving through the Strait of Hormuz.

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

MCX gold rate on 23 July was trading 0.33% lower at Rs.145,880 per 10 grams. MCX silver futures, on the other hand, were trading about 0.32% lower at Rs.226,970 per kg at around 9:13 am.

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