Gold prices rebound a day after drastic fall

 Gold prices rebounded in the spot market on Tues-day, a day after a massive fall of about 3% in the glo-bal market due to easing of the tariff war and trade tensions between the U.S. and China, the world's two largest economies. Analysts said ever since the announcement was made, safe-haven assets such as gold faced sell-off by investors. However in India, as per Indian Bullion & Jewellers Association (IBJA) rates, gold on the spot market was priced at ₹94,344 per 10 grams on Tuesday com-pared with ₹93,076 on Monday, a gain of ₹1,268 per 10 grams. In the past weeks, gold prices have reduced to a large extent from the re-cord-high level of more than 1 lakh recorded on April 22, 2025, as investors increasingly preferred the safe-haven asset due to glo-bal uncertainties triggered by the tariff action of U.S. President Donald Trump. Comex gold futures de-clined about 3% on Mon-day to settle at $3,329 per ounce (28.3495 grams), the lowest closing in nearly two weeks. "The sharp decline was driven by a stronger U.S. dollar and reduced safe-ha-ven demand following the announcement of a tem-porary easing of trade ten-sions between the United States and China,” Kaynat Chainwala, AVP Commodi-y Research, Kotak Securi-ies said in a note.

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