New Delhi, April 23 -- Gold and silver prices on 23 April: Gold rate corrected by nearly 1% while that of silver lost more than 2% in early deals on the MCX on Thursday, 23 April, due to profit booking due to geopolitical stress after the US dollar climbed amid a rebound in crude oil prices, following reports of fresh tensions between the US and Iran.

MCX gold June contracts were down about 0.50% at Rs.1,51,947 per 10 grams, while MCX silver May contracts were down by nearly 2% at Rs.2,43,856 per kg around 9:10 am.

The dollar index climbed by 0.15%, weighing on gold prices, after Brent crude jumped by 2% to trade above $103 a barrel.

Whereas investors across the globe are closely watching developments in the Middle East and the unfoldi...