Gold and silver prices were largely unchanged on the Multi Commodity Exchange (MCX) on Monday, despite renewed tensions in the Middle East raising concerns over the fragility of the Iran-US ceasefire. Meanwhile, expectations of further interest rate hikes by the US Federal Reserve continued to weigh on the non-yielding precious metals.
Gold futures with August expiry on MCX fell Rs 617 per 10 grams or 0.4% to Rs 1,43,545 per 10 grams. The futures contracts with October and December expiries, meanwhile, declined up to 0.4%.
