Gold, silver prices today: Comex gold and silver edge higher as easing US-Iran tensions cool oil prices

Gold and silver prices edged higher on Monday as a pause in US-Iran hostilities cooled crude oil prices and eased inflation concerns ahead of the US Federal Reserve policy meeting on 28-29 July. Comex gold futures rose $49 per troy ounce to an intraday high of $4,119, while Comex silver climbed about $1.50 to $60.39. Brent crude fell nearly 10 percent intraday after the US paused strikes on Iran for a third consecutive day. Domestically, MCX gold futures rose ₹1,124 per 10 grams to ₹1,44,230 and MCX silver gained ₹3,083 per kg to ₹2,25,221.