New Delhi, Aug. 4 -- The price of the yellow metal in India's retail market rose on Tuesday, 4 August, amid renewed hopes of a peace resolution between the US and Iran, to bring an end to the ongoing conflict.

US President Donald Trump, as per a CNBC report, insisted talks between the US and Iran are ongoing after Tehran undermined him by saying it had no plans for direct negotiations with Washington.

Trump, in an angry Truth Social post, called the Islamic Republic's leaders "unbelievably duplicitous" and accused them of lying about peace talks that are underway, saying that the talks are going on, "whether Iran wants to admit it or not."

He asserted that the US is in complete control of the Strait of Hormuz, even though ship traffic ...