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Gold Price: The potential trade deal between the US and China along with the strength of the US dollar is leading to the continuous fall in the prices of gold and silver. As per MCX (Multi-Commodity Exchange) the price of gold fell by Rs. 3000 on Tuesday. Alongside the 0.7% dip further opened at Rs. 120106 per 10 grams with silver falling by 0.69% and opening at Rs. 142366 per 1000 grams. When the market closed the trade of gold was down by Rs. 118461 i.e. 2.06% per 10 grams and silver by Rs. 141424 i.e. 1.36%. MCX statistics The data of MCX states that the record high of gold was more than Rs. 1.32 lakh. Now this has decreased to Rs. 1.18 lakh highlighting the dip by Rs. 13000. On the other hand silver’s record high stood at Rs. 1.70 lakh having fallen by Rs. 29000 and standing at Rs. 1.41 lakh per 1000 grams. What are experts saying? The Vice President (Commodities) of Mehta Equities Ltd Rahul Kalantri mentioned that after a two-month strong rally the rates of gold and silver experienced the pressure of heavy selling as they fell below key levels and that gold has found support around $3940-3905 while resistance is around $4055-4100 Several experts are saying that the immediate shift in the geopolitical front including the Gaza peace talks has eased the demand for investments of safe haven. In addition they also stated that the weak rupee is supporting the bullion prices at lower levels.  The CEO of Aspect Bullion & Refinery Darshan Desai said that the short-term trend most likely depends on trade talks and policy-related announcements. Role of Central Banks Now the investors are keeping an eye on the central banks for rare cuts. The US Federal Reserve may announce a 25 basis point cut in interest rates. Alongside the banks like the European Central Bank and the Bank of Japan may keep their current policies. The prices of gold and silver are most likely to fall ahead in this case.