New Delhi, April 15 -- Gold prices fell on Wednesday, April 15, with futures trading on the Multi Commodity Exchange slipping by Rs.353, or 0.23%, to Rs.1,54,464 per 10 grams for June delivery, due to lower demand in the spot market. The contract recorded a trading volume of 1,699 lots.

This drop followed a rise in gold prices, which had reached a one-month peak earlier in the session, as the prospect of renewed peace negotiations between the United States and Iran enhanced investors' risk appetite.

In the international market today, spot gold slipped 0.6% to $4,811.19 per ounce, while US gold futures for June delivery fell 0.3% to $4,834.40. Sentiment was also influenced by rising oil prices, which heightened inflation concerns. Meanwh...