Gold and silver prices declined in India's retail market on July 31 amid ongoing tensions between the US and Iran.
The price of gold dropped due to a stronger dollar index, which made gold more expensive for buyers using overseas currencies.
The MCX gold rate was trading 0.05% lower at ₹144,010 per 10 grams, while the MCX silver futures were trading about 0.36% lower at ₹219,730 per kg.
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