New Delhi, July 9 -- The price of the yellow metal in India's retail market declined on Thursday, 9 July, amid negative global cues and rising tensions between the US and Iran, following sustained US strikes against Iran.

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 9 July was trading 0.15% lower at Rs.143,940 per 10 grams. MCX silver futures, on the other hand, were trading about 0.39% lower at Rs.222,450 per kg at around 9:08 am.

Oil prices rose on Thursday after fresh strikes by the US military on Iran raised concerns about supply disruptions in the Middle East. Futures for international benchm...