Gold Price Today: The yellow metal rate rose on Multi Commodity Exchange of India (MCX) today, July 17 after US launched another round of strikes against Iran, escalating geopolitical tensions.
At 9:05 am on Friday, the MCX gold August futures contract rose 0.17% to Rs 1,40,590 per 10 grams, while the MCX silver September futures dropped 0.11% to Rs 2,15,768 per kg.
Gold prices were on track for its biggest weekly decline since early June.
Bullion edged higher on Friday to trade near $3,980 an ounce, but remained down 3.4% for the week. The decline came after the US launched another round of strikes on Iran on Thursday.
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