Gold rate today, May 3 -- Following easing tension in the US-China trade war and reduced safe-haven demand for the precious yellow metal, gold prices remained under pressure for the second straight week. MCX gold rate ended at Rs.92,700 per 10 gm on Friday, logging Rs.6,658 from the record high of Rs.99,358 per 10 gm. However, MCX gold prices bounced back on the weekend session as the MCX gold rate finished close to Rs.93,000 after hitting the weekly low of Rs.92,055 per 10 gm. In the international market, spot gold price ended at $3,240.88 per ounce, while COMEX gold price finished at 3,257 per troy ounce.

According to commodity market experts, gold rates today are under pressure due to a strong rebound in the US dollar and easing tensi...