Jewellery sales surge as gold price declines 1.5% on easing trade tensions

Spot gold declined by 1.5 per cent to hit the lowest in almost two months in early Tuesday trade. But it recovered by half towards evening on huge customer turnout to book their share on price fall.

The decline in gold prices in the domestic market was followed by a similar move globally on easing trade tensions between the US and China, albeit temporarily.

Standard gold (.995 purity) in Mumbai’s popular Zaveri Bazaar slumped to Rs 36,924 per 10 gram on Tuesday morning. This level has not been seen since August 7. Buyers, waiting for a correction ahead of the