New Delhi, June 22 -- The price of the yellow metal in India's retail market rose on Monday, 22 June, with both 24-karat and 22-karat gold rates showing marginal gains across major cities. Silver prices also showed limited movement in the domestic bullion market.

MCX gold rate today for August futures contracts was trading 0.39% higher at Rs.148,120 per 10 grams. MCX silver futures, on the other hand, were trading 1.18% higher at Rs.2,36,620 per kg at around 9:25 am.

The news of a peace deal between the US and Iran is bound to provide the global equity markets and commodity prices with much-needed respite. It will also pave the way for reconstruction and rehabilitation in Iran.

The US and Iran made progress during talks in Switzerland ...