India, June 22 -- Gold prices declined on Monday amidst the progress in diplomatic efforts to end hostilities between the U.S. and Iran. Gold futures shed close to half a percent while negotiations to resolve thorny issues in the dispute surrounding Lebanon as well as the Strait of Hormuz also progressed. The decline in the prices of the yellow metal comes amidst a decline in crude oil prices.
Gold Futures for August settlement is currently trading at $4,225.82, shedding 0.47 percent from the previous close of $4,245.90. While the day's trading ranged between $4,153.10 and $4,237.25, the 52-week trading ranged between $3,250.50 and $5,626.80. Gold Futures had touched an all-time high of $5,626.80 on January 29.
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