Gold, silver prices today: Comex gold and silver trade steady as geopolitical tensions fuel rate worries

Gold and silver prices traded steady on Monday amid conflicting signals from escalating US-Iran tensions and renewed diplomatic efforts. COMEX gold futures hovered around $4,000 per troy ounce after a 2.13% decline last week, while COMEX silver rose 1.3% to $57.75 per ounce. In India, MCX gold futures gained Rs 1,300 to Rs 1,42,287 per 10 grams and MCX silver rose Rs 4,005 to Rs 2,20,408 per kg, as traders priced in an 83% probability of a US rate hike in December, up from 73% a week earlier.