New Delhi, Sept. 24 -- The price of the yellow metal in India fell nearly 0.12% in the domestic futures market during early trading hours on Thursday, September 24, as reports of fresh talks between the US and Iran emerged.

MCX Gold 5 October futures stood at Rs.151,071 per 10 grams, while MCX Silver 4 December contracts were down 0.53% at Rs.234,650 per kg at around 9:05 am.

In a recent development in US-Iran conflict, officials from Tehran and Washington held their first known indirect talks on Tuesday ‌since a ceasefire collapsed in July. Iran's Foreign Minister Abbas Araqchi and US envoys Steve Witkoff and Jared Kushner communicated through mediators during the talks.

In the retail market, gold is sold in 24-karat and 22-kara...