MCX gold July futures slide 0.75% to Rs 1,50,610/10 grams after US-Iran interim peace deal and Fed hold

On June 18, the US and Iran signed an interim peace deal during the G7 summit, easing geopolitical energy risks. The Federal Reserve kept interest rates unchanged the same day, but signaled a possible hike by October. MCX gold July futures fell 0.75% to Rs 1,50,610 per 10 grams, while silver dropped 2% to Rs 2,46,774 per kg. Global gold prices briefly rebounded, but markets focused on rate-hike expectations that continued to weigh on precious metals.