Gold prices inched up in Tuesday’s (July 15) morning trade in the domestic derivatives market ahead of US inflation data. On the other hand, silver rates dropped on profit booking at a record high.

MCX Gold August 5 contracts traded 0.12 per cent higher at ₹97,896 per 10 grams, while MCX Silver September 5 contracts were 0.54 per cent down at ₹1,12,330 per kg at that time.

(This is a developing story. Please check back for fresh updates.)