Gold rate today, June 3 -- Precious metal saw a marginal downward trend on Tuesday on Donald Trump's tariff tensions with China and the European Union, continued geopolitical instability from the Russia-Ukraine war, and investor caution ahead of the upcoming US Federal Reserve interest rate announcement.

On Multi Commodity Exchange (MCX), August gold futures declined by Rs.308, or 0.31 per cent, to trade at Rs.97,645 per 10 grams.

Gold prices in the international market experienced a slight decline on Tuesday, pulling back from nearly a four-week high. As of 0249 GMT, spot gold slipped 0.3% to $3,369.98 per ounce, after earlier reaching its highest point since May 8.

U.S. gold futures remained unchanged at $3,390. In the previous tradi...