India, May 13 -- Following the nosedive seen in the previous session, the price of gold regained some ground during trading on Tuesday.
Gold for May delivery climbed $20.30 or 0.6 percent to $3,240.30 an ounce after plunging $115.40 or 3.5 percent to $3,220 an ounce during Monday's session.
The rebound by gold futures came as traders picked up the precious metal at reduced levels following yesterday's slump, which came amid news of a U.S.-China trade deal.
The White House said the agreement calls for the U.S. and China to each lower tariffs by 115 percent while retaining an additional 10 percent tariff.
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