Gold Price Today August gold futures started trading with a decline on MCX. Gold prices fell below $ 3310 per ounce in the international market on Tuesday. This weakness in gold prices is being seen after the increasing positive development regarding the US and China trade deal.
Gold prices have fallen for the second consecutive day. On MCX, August 5 Gold Futures touched the level of 96400 and showed a decline of Rs 773. This weakness in gold prices is being seen after the increasing positive development regarding the US and China trade deal. Gold prices fell in the domestic futures market on Tuesday morning amid optimism.
At the same time, gold prices fell below $ 3,310 an ounce in the international market on Tuesday. The reason for this is being told to be the US-China trade deal, as top officials of the US and China will continue trade talks in London for the second day on Tuesday.
Gold price falls due to decreasing tension
According to a Reuters report, “US President Donald Trump said that his government is doing well in talks with China regarding the trade deal and he expects positive results from the talks.”
What is the spot price in the country
On June 9, a decline was also seen in the spot price of gold in the country’s bullion market. The price of 24 carat gold in Mumbai was Rs 95864. The spot prices for today will be updated on the IBJA website at 12 noon.
How will gold prices behave in the future
Gold prices in the international market are dependent on US Federal Reserve’s commentary and upcoming US inflation data. The New York Fed survey shows that inflation fears are low, consumer sentiment has improved.
