Mumbai, May 31 -- COMEX Gold futures saw choppy trades, testing one and half week lows around $3270 per ounce as easing trade tensions curbed demand for safe-haven assets. US interest rates trajectory also played a part in pulling the metal lower after Fed's May meeting minutes revealed a cautious approach, with policymakers highlighting elevated risks of both inflation and unemployment. Gold gained thereafter amid a sustained weakness in the US dollar and hopes of steady undertone in demand. The Reserve Bank of India's gold reserves rose 57.48 metric tonnes YoY to 879.58 tonnes as of March 31, 2025. Value of gold imports in India also gained by 27.4 per cent (y-o-y) in 2024-25 to US$ 58.0 billion, driven by higher international prices even...
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