Gold price today, May 14 -- Gold rates decline significantly in the domestic futures market Wednesday morning as easing US-China trade war concerns weighed on bullion prices. MCX Gold June 5 contracts traded 0.45 per cent lower at Rs.93,230 per 10 grams around 9:10 AM.

International gold prices also declined on easing US-China trade war tensions.

The US and China have agreed to lower tariffs by 115 percentage points on each other to 30 per cent and 10 per cent, respectively, for 90 days as talks proceed to finalise a mutual pact.

According to Reuters, "US President Donald Trump on Monday said he does not see tariffs on Chinese imports returning to 145 per cent after the 90-day pause, adding that he believes Washington and Beijing will ...