New Delhi, July 14 -- Gold and silver prices in your city on July 14: The domestic futures markets saw higher gold rates on Monday, as mounting concerns over United States President Donald Trump's tariff war boosted gold's safe haven appeal.

MCX Gold August 5 contracts traded 0.26 per cent higher at Rs.98,071 per 10 grams around 11.30 am. Meanwhile, MCX Silver September 5 contracts hit a fresh record high of Rs.1,14,875 per kg during the session. It traded 1.5 per cent up at Rs.1,14,709 per kg around that time.

Experts agree that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets and with increased risk aversion. Over the past 20 years, gold prices have skyrocketed by an i...