Gold prices moved higher in early trade on Wednesday, fueled by safe-haven demand amid escalating tensions in the Middle East and expectations of a US Federal R

Gold prices inched higher ahead of a widely expected US Fed rate rate cut, although easing US-China trade tensions kept bullion strength in check.

Gold price crash continues on Wednesday. Spot gold was down 2.6 per cent at $4,017.29 per ounce, reaching a near two-week low, after rising as much as $4,161.17 earlier in the session. U.S. gold futures for December delivery fell 1.

PROVIDENCE − The price of gold had climbed to an all-time high of $4,381 per ounce when Gary Parseghian, an owner of La Salle Jewelers, climbed into bed on the night of Monday, Oct. 20. The price fell sharply through the early slumber of the 74-year-old master jeweler.

MCX gold rate opened 0.7% lower at ₹1,20,106 per 10 grams as compared to its previous close of ₹1,20,957 level. MCX silver prices opened 0.69% lower at ₹1,42,366 per kg as against its previous close of ₹1,

Gold rate has been pushed 63 per cent higher this year. However, bullion experts have cautioned about intermittent 'pullbacks' in gold price.

Earlier this month, a liquidity crunch in the London silver market triggered a global rush for the metal. With benchmark prices in London surging above those in New York, some traders reportedly resorted to the rare and costly move of flying silver bars across the Atlantic - a practice usually reserved for gold - to capitalise on the price gap.

India's gold prices have sharply declined, reaching a three-week low with 24K gold falling nearly Rs 1 lakh per 100 grams over ten days.

The downward trend in gold prices continued with rates falling close to Rs 1.18 lakh per 10 grams amid weak global cues and renewed optimism over trade talks between the US and China.

Gold and silver prices plunged Tuesday, marking their sharpest one-day declines in years and halting a months-long rally that had pushed both metals to record highs.

The Philippines built up its holdings when gold traded around $2,000 per troy ounce. Prices have since more than doubled.