India, July 15 -- Gold prices have edged lower on Wednesday as rising concerns of a possible long drawn out war in the gulf continued to fuel concerns of high interest rates in the U.S. while softer U.S. producer price data limited the fall.

Front Month Comex Gold for August month delivery has moved lower by $27.20 (or 0.67%) to $4,042.50 per troy ounce.

Front Month Comex Silver for August month delivery has plunged by $1.803 (or 3.06%) to $57.095 per troy ounce.

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