New Delhi, July 7 -- Gold and silver prices fell in the domestic futures market on Tuesday (7 July) morning as investors awaited the minutes of the US Federal Reserve's June policy meeting for further cues on the central bank's monetary policy path.

MCX gold August contracts were 0.52% down at Rs.1,46,148 per 10 grams, while MCX silver September futures were 1.14% down at Rs.2,33,416 per kg around 9:05 am.

The minutes of the US Federal Reserve's June policy meeting are due on 8 July. Most experts expect the Fed to hike rates at least once this year, as inflation remains above its 2% target.Earlier in June, markets expected three rate hikes this year as the US-Iran conflict sent crude oil prices soaring and inflationary pressures rose. ...