New Delhi, June 22 -- Rates of gold and silver rose in the domestic futures market on Monday (22 June) morning, largely due to value buying after media reports suggested progress in US-Iran peace talks.

However, an uptick in the US dollar and 10-year bond yields amid hawkish signals from the US Federal Reserve capped gains for precious metals.

MCX gold August futures were 0.29% up at Rs.1,47,637 per 10 grams, while MCX silver July futures were 0.88% up at Rs.2,35,226 per kg around 9:10 am.

According to news agency Reuters, an Iranian foreign ministry spokesperson said that the first round of talks between the US and Iran in Switzerland concluded with good progress on Monday.

The negotiations are set to continue throughout the week. Du...