Gold futures slip for 7th day, drop to Rs 1.5 lakh/10g amid US-Iran tensions

Gold futures fell for the seventh consecutive session on Wednesday, falling Rs 1,559 to Rs 1.5 lakh per 10 grams as renewed military exchanges between the US and Iran pushed oil rates higher and heightened concerns over inflation and interest rates. On the Multi Commodity Exchange (MCX), the yellow metal futures for October delivery declined by Rs 1,559, or 1.03 per cent, to Rs 1,50,170 per 10 grams from Tuesday’s closing level of Rs 1,51,729...