Gold and Silver Prices Under Pressure Amid Geopolitical Concerns

The prices of gold and silver remained subdued in July due to geopolitical developments in West Asia and concerns over potential interest rate hikes in the United States.

Comex gold posted a modest 1.7% gain to settle at $4,107 by the end of the month, while Comex silver took a 3.6% hit to settle at $57.75.

In contrast, MCX Gold fell 1.71% in July to settle at ₹1,43,376 per 10-gram, and MCX Silver closed on a weak note at ₹2,17,198 per kilogram, with a 4.6% fall last month.