Gold, silver prices rise up to 1% on MCX as dollar, crude oil prices drop; US Fed policy decision in focus

Gold and silver prices rose on MCX on Monday morning as the US dollar weakened and crude oil prices dropped following a pause in hostilities between the US and Iran. MCX gold August contract climbed about 0.50% to around Rs 1,43,784 per 10 grams, while MCX silver September futures surged over 1% to Rs 2,24,550 per kg. Traders are also eyeing the upcoming US Fed policy decision for further direction.