The gold price on MCX rose by 0.61% to Rs. 1,49,401 per 10 grams on August 6, amid news that the Strait of Hormuz could reopen soon.
US President Donald Trump pledged to ink an agreement with Iran, supporting the precious metal's rally.
September silver futures also advanced by 0.23% to Rs. 2,28,115 per kilogram, while Brent crude futures declined by 0.11% to $79.32 per barrel.
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