Gold price today, May 20 -- Gold rates declined in the domestic futures market Tuesday morning amid reports of a potential ceasefire between Russia and Ukraine. Tepid demand from the domestic spot market and a stable dollar also weighed on bullion. MCX Gold June 5 contract traded 0.35 per cent lower at Rs.92,975 per 10 grams around 9:15 AM.

As per media reports, US President Donald Trump dialled Russian President Vladimir Putin on Monday to spur progress toward ending the Ukraine war. The Russian President acknowledged that the two-hour-long call with the US President was "very frank" and "useful" and emphasised the need to identify the most effective pathways to "peace" amid the ongoing conflict with Ukraine.

(This is a developing stor...