Gold Prices Rise Amid US-Iran Tensions
Gold and silver prices rose on August 17 due to escalating tensions between the US and Iran, which increased demand for safe-haven assets. The international market saw marginal gains in bullion prices, influencing domestic rates in India.
The COMEX gold futures rose 0.31% to $4,451.10 per ounce, while silver gained 1.09% to $65.815 per ounce. In India, domestic spot gold on the MCX closed at Rs 1,51,744 per 10 grams on August 14.
Gold prices varied across cities in India due to local factors such as taxes and demand. The price levels may also change during the day depending on market movements.