Gold Rate Today: Gold prices in India drop; silver tanks 1%. Check price of yellow metal in Delhi, Ahmedabad & other cities

Bullion traded lower on MCX due to a strong DXY, trading above the 102.50 mark against six major currencies. August Gold futures were down by 0.14% trading at Rs 58,114 per 10 grams while July Silver Futures slipped by 1.11% to trade at Rs 67,550. On Comex, gold futures were trading at $1,939.10 per troy ounce, declining by 0.30% while silver futures decreased by 0.85% to trade at $22.615. Anuj Gupta, VP, Commodity and Currency Research at IIFL Securities, revealed that the gold futures have declined by 3.45% in June.