India, July 8 -- Today's gold prices have shot up a bit, after a steady descend for four consecutive trading days. The Multi Commodity Exchange of India Ltd (MCX) quoted Rs.97,118 for 10 grams of 24-carat gold and Rs.89,283 for 10 grams of 22 carat gold, as on 9.10 am on Jul 8 IST.

The bullion rate of the yellow metal today is Rs.89,393 for 22-carat gold and Rs.97,520 for 24-carat gold for every 10 grams, standing at a 0.06 percent lower slab to yesterday's close.

India's stock benchmarks remained in the red last week other than Friday, which according to analysts, attribute to profit booking by investors.

The prices of the yellow metal also fall amid US President Donald Trump saying he had signed letters addressed to 12 countries, det...