New Delhi, Aug. 24 -- Gold prices rose in early deals on the MCX on Monday, supported by a stable dollar amid a decline in crude oil prices, while the rates of silver declined due to profit booking, with focus shifting to the US inflation prints this week and a speech by US Federal Reserve Chair Kevin Warsh.

MCX gold October futures were 0.65% up at Rs.1,63,500 per 10 grams, while MCX silver September contracts were 0.13% down at Rs.2,46,269 per kg around 9:10 AM.

Oil price benchmark Brent crude futures dropped 2% to trade below $93 per barrel as investors booked profits ahead of an anticipated US announcement of additional sanctions against Iran.

The dollar index moved slightly from the previous close, while US long-duration bond yiel...