Gold price today, Aug. 20 -- Gold prices slipped by Rs.103 to Rs.98,593 per 10 grams in futures trade on Wednesday, weighed down by weak spot demand.

On the Multi Commodity Exchange (MCX), October delivery contracts fell by Rs.103, or 0.1%, to Rs.98,593 per 10 grams, with a trading volume of 14,029 lots.

Meanwhile, in the international markets, spot gold declined 0.4% to $3,317.71 per ounce, after earlier touching its lowest level since August 1 during the session.

The dollar index trimmed earlier losses and held steady, while yields on the benchmark 10-year Treasury slipped.

Later this week, the Federal Reserve will host its annual symposium in Jackson Hole, Wyoming, where Fed Chair Jerome Powell is set to speak on Friday about the e...