MCX gold August futures rise 0.26% to ₹1,40,718/10g; silver September slips 0.23% to ₹2,15,512/kg on 17 July
MCX gold August futures rose 0.26% to ₹1,40,718 per 10 grams, while MCX silver September futures fell 0.23% to ₹2,15,512 per kg around 9:05 am on 17 July. Prices were volatile in morning trade amid weak global cues and tepid spot demand. The article said US-Iran tensions have pushed up crude oil prices, reviving inflation worries and reinforcing bets on a near-term US Federal Reserve rate hike. Expectations of higher rates can weigh on gold because it is a non-yielding asset.