The price of gold is witnessing a decline in the market against the rise of the dollar

The price of gold fell as the dollar gained as gold fell 0.3 percent to $ 1314.17 an ounce, reversing early gains after the dollar turned.

Gold futures have also seen a drop in the US delivery of $ 2.50 or 0.2 percent to settle at $ 1318.20 an ounce.

The dollar rallied early losses as investors questioned whether the rally that pushed the US currency last week to its highest level in more than four months lost momentum.