MCX gold rises 0.42% to Rs 1,47,818/10g as silver gains 0.92%

On June 22, MCX gold futures for August rose 0.42% to Rs 1,47,818 per 10 grams, while July silver futures gained 0.92% to Rs 2,35,324 per kg. Overseas, COMEX gold slipped about 1% to $4,198.80 an ounce and COMEX silver fell nearly 1% to $65.63 an ounce. Brent crude dropped more than 2% to around $79 a barrel and WTI declined 3% to about $75. Analysts said progress in US-Iran peace talks helped gold, but a stronger dollar limited gains, while silver stayed under pressure with the gold-silver ratio at 63.6:1.