Gold Prices Drop as US-Iran Ceasefire Talks Fail: Check Today's 24K and Silver Rates in Major Cities
Bullion prices saw a slight decline during early trading on July 13. This movement was driven by cautious investor sentiment, following renewed pressure on precious metals after the breakdown of the US-Iran ceasefire discussions. The failure of these talks had previously boosted the dollar, consequently weighing down demand for gold and silver globally.International Gold and Silver Spot Market Trends
The global market experienced a dip in both major commodities during the morning trade. International spot gold futures traded 0.46 percent lower, settling at $4,094.60 per ounce.Silver also experienced a decline in the international market, falling by 1.25 percent to reach $59.41 per ounce on Comex. These movements underscore the immediate link between geopolitical stability and precious metal pricing.
Domestic Futures and City-wise Gold Rates
On the domestic front, MCX futures for gold remained stable while silver showed minor movement. The August contract for MCX gold closed flat at Rs 1,43,480 per 10 grams from its previous close on Friday.Silver futures in the September contract edged up by 0.01 percent, trading at Rs 2,22,680 per kilogram.
While international trends show declines, specific rates of 24-karat, 22-karat, and 18-karat gold across cities vary. The price movement for 10 grams of these pure gold types needs to be checked based on the particular city.
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