Gold prices rise, silver drops on profit booking as focus shifts to US inflation data, US Fed Chair Kevin Warsh's speech

MCX gold October futures rose 0.65% to ₹1,63,500 per 10 grams on Monday, while silver September contracts fell 0.13% to ₹2,46,269 per kg. Gold prices got support from a stable dollar and lower oil prices. Many investors now wait for US inflation data and a speech by US Fed Chair Kevin Warsh.