Gold and silver prices decline on MCX

Gold and silver prices went down on the Multi Commodity Exchange (MCX) in India on Thursday, 23 July.

This happened because people who bought gold and silver earlier decided to sell them to make a profit.

Also, the price of oil went up because of fights between the US and Iran, which made people think the US might make it harder to borrow money.

The day before, gold prices had gone up by 2%, and silver by 1.5%.

In the US, gold prices also went down a little bit.