Gold prices in India continued to soften on Wednesday (October 29) after a steep decline earlier this week, mirroring global weakness as easing US-China trade tensions trimmed demand for safe-haven assets.

The price of 24-carat gold stood at ₹12,158 per gram on Wednesday, while 22-carat gold was priced at ₹11,145 per gram, as per Goodreturns data.

In the international market, spot gold edged up 0.2% to $3,957.42 per ounce, recovering slightly after Tuesday’s (October 28's) fall to its lowest level since October 7. US gold futures for December delivery were last seen down 0.3% at $3,971.20 an ounce.

“Gold dipped due to diminishing safe-haven demand,” said Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.

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