New Delhi, April 7 -- The fundamentals of gold as an asset class are "very strong" and they will continue to be "very strong" throughout the year, and the latest correction was on expected lines post the imposition of Trump's reciprocal tariffs, said Sachin Jain, Regional CEO India at World Gold Council (WGC).

Investors seemed to have opted for a wait-and-watch approach as volatility grips the market.

Over the past two to three sessions, gold prices globally have declined by USD 200 from their peak of USD 3,201 per ounce.

Asked whether the latest decline can be termed as panic selling, Sachin Jain said, "No".

"No, it's not panic selling. There's nothing of panic selling here right now. If panic selling would have happened, then this c...