New Delhi, Aug. 6 -- The price of the yellow metal in India's retail market traded mixed on Thursday, 6 August, amid hopes of a soon-to-be-reached peace deal between the United States and Iran.

Iran said the US was ready to "return to commitments" while denying that negotiations were ongoing with Washington, after United States President Donald Trump signalled a deal was in the making, according to a report by CNBC US. Iran's Deputy Foreign Minister Kazem Gharibabadi made the comment in an interview with state broadcaster IRNA on Wednesday, without elaborating on the said commitments, likely referring to the interim understanding reached in June.

Subsequently, crude prices were little changed on reports that the US, Iran and Oman were w...