New Delhi, June 30 -- The price of the yellow metal in India's retail market dropped on Tuesday, 30 June, with both 24-karat and 22-karat gold rates showing marginal declines across major cities. Silver prices also decreased in the domestic bullion market.

MCX gold rate on 30 June for August futures contracts was trading 1.3% lower at Rs.140,950 per 10 grams. MCX silver futures, on the other hand, were trading about 1.08% lower at Rs.220,670 per kg at around 9:13 am.

Oil prices declined on Tuesday as investors awaited the outcome of possible US-Iran talks in Doha. Both sides exchanged missile strikes over the weekend, putting the interim ceasefire aimed at ending the four-month conflict under strain.

Brent crude futures for August deli...