Gold prices inched up in futures trade on Tuesday, supported by a rise in demand by jewellers at spot markets and an improved global sentiment.
The precious metal held steady in global markets after posting its biggest one-day percentage fall in two months in the previous session, as Washington's fresh trade threats against China eclipsed investor optimism spurred by a US-Mexico deal, Reuters reported.
However, rupee's rise against the US dollar and gains in domestic equities kept the gains for gold limited.
A strong rupee brings gold prices down and spurs consumption in the country.
The precious metal held steady in global markets after posting its biggest one-day percentage fall in two months in the previous session, as Washington's fresh trade threats against China eclipsed investor optimism spurred by a US-Mexico deal, Reuters reported.
However, rupee's rise against the US dollar and gains in domestic equities kept the gains for gold limited.
A strong rupee brings gold prices down and spurs consumption in the country.
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