New Delhi, July 24 -- The price of the yellow metal in India's retail market declined on Friday, 24 July, amid continued uncertainty and tensions between the United States and Iran. The recent attacks on tankers in the Red Sea have once again raised the possibility of persistent inflation in the foreseeable future due to elevated oil and gas prices.

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

MCX gold rate on 24 July was trading 0.38% lower at Rs.142,920 per 10 grams. MCX silver futures, on the other hand, were trading about 0.51% lower at Rs.218,630 per kg at around 9:07 am.

Oil prices surged following reports ...