New Delhi, July 3 -- The price of the yellow metal in India's retail market rose on Friday, 3 July, due to positive global cues, easing expectations of aggressive rate hikes by the US Federal Reserve, with both 24-karat and 22-karat gold rates showing a marginal increase across major cities. Silver prices, on the other hand, also increased in the domestic bullion market.

MCX gold rate on 3 July was trading 1.43% higher at Rs.148,250 per 10 grams. MCX silver futures, on the other hand, were trading about 1.8% higher at Rs.237,570 per kg at around 9:08 am.

Oil prices rose slightly today, ahead of a long holiday weekend in the US, as wary optimism held over efforts to broker peace between the United States and Iran. Brent futures were up 1...