New Delhi, May 18 -- Gold and silver prices today on 18 May: The price of the yellow metal in India's retail market edged lower on Monday, as higher crude oil prices heightened inflation concerns and raised fears of near-term monetary tightening.

MCX gold June futures were down 0.46% at Rs.1,57,538 per 10 grams, while MCX silver July futures were down 1.24% at Rs.2,68,511 per kg around 9:17 am.

Rising crude oil prices have boosted demand for the US dollar, pushing the dollar index up by over 0.10%. The stronger dollar made gold more expensive for overseas buyers, hurting demand for the yellow metal.

Oil prices rose on Monday as US President Donald Trump warned that Iran "better get moving" amid a deadlock in peace talks, while experts ...