Gold rate drops on MCX amid a stronger dollar; US-Iran tensions, tariff uncertainty limit losses

Gold rate dropped on the MCX on Tuesday morning. MCX gold April futures dropped by nearly ₹1,000, or 0.60% to ₹1,60,615 per 10 grams. MCX silver April futures slipped by more than ₹1,000, or 0.40%, to ₹2,64,327 per kg.