Gold Price Today: Rates are declining amid reports of potential Russia-casting; Experts reveal strategy for MCX Gold | Einsmark news

Gold Price Today: Gold rates dropped in the domestic futures market on Tuesday morning amid reports of a possible ceasefire between Russia and Ukraine. The demand for the domestic mock market and a stable dollar also weighed on Bullion. MCX Gold June 5 contract trades 0.35 percent lower at £ 92,975 per 10 grams at about 9:15 p.m. According to media reports, US President Donald Trump on Monday called Russian President Vladimir Putin to promote the progress of ending the Ukraine War. The Russian president acknowledged that the two -hour call with the US president was ‘very honest’ and ‘useful’ and emphasized the need to identify the most effective ways to ‘peace’ amid the ongoing conflict with Ukraine. Optimism about a possible ceasefire between Russia and Ukraine has hit the demand for safe Haven assets. Meanwhile, the dollar index recovered from the losses suffered in the previous session, making gold lasting and less attractive to buyers in other currencies. (This is a developing story. Check out fresh updates.)