Gold Slips Under Rs 31000 Mark On MCX

Gold dropped today, giving up some of its recent gains after US President Donald Trump said a US team had arrived in North Korea to prepare for a proposed summit between him and North Korean leader Kim Jong Un, which Trump pulled out of last week before reconsidering. The possibility of real talks between the two nations hit the Gold market and steady rise in global equities also hurt the appetite for the yellow metal. COMEX Gold slipped under the key $ 1300 per ounce mark and currently trade at $ 1297.90 per ounce, down 0.44% on the day. MCX Gold futures are currently trading at Rs 30977 per 10 grams, down 0.67% on the day. This break under Rs 31000 levels is likely to weigh on the counter now.