Gold prices witnessed a minor decline in the international market on Tuesday following depreciation in the value of the US dollar.
Spot gold was down 0.4 per cent at $3,215.31 an ounce, as of 0210 GMT. US gold futures slipped 0.5 per cent to $3,218.40.
Spot silver fell 0.3 per cent to $32.25 an ounce, platinum rose 0.3 per cent to $1,000.71 and palladium lost 0.1 per cent to $973.74.
The dollar slightly recovered after touching a more than one-week low in the prior session, making greenback-priced gold less appealing to holders of other currencies.
Meanwhile, Oil prices barely moved on Tuesday as traders weighed the impact on supply from a possible breakdown in US-Iran talks on Tehran’s nuclear programme, strong front-month physical demand in Asia and a cautious outlook for China’s macroeconomy.
Brent futures dipped 6 cents to $65.48 a barrel by 0305 GMT. US West Texas Intermediate crude futures gained 1 cent to $62.7.
Discussions on Iran’s nuclear programme would “lead nowhere” if Washington insisted that Tehran slash uranium enrichment activity entirely, state media quoted Deputy Foreign Minister Majid Takhtravanchi as saying on Monday.
