New Delhi, May 21 -- Gold and silver prices today on 21 May: Gold prices were trading lower on the MCX on Thursday (21 May) morning amid weak global cues and speculations that the US Federal Reserve may have to tighten monetary policy in the near future due to increased inflationary risks.

MCX gold June futures traded 0.21% lower at Rs.1,60,430 per 10 grams, while MCX silver July futures were trading 0.40% lower at 273,410 around 9:24 am.

The ongoing uncertainty over the Middle East conflict persists, keeping gains in the yellow metal capped. The focus is now on how the war evolves, as a truce could help lower energy and oil prices, providing much-needed relief from inflation worldwide.

The US crude oil prices dropped below $100 per ba...