India, April 14 -- Gold prices were subdued on Monday, after having touched record highs earlier in the session.

Spot gold slipped 0.2 percent to $3,229.56 per ounce in European trade after hitting a new record high of $3,245.42 per ounce earlier.

U.S. gold futures were little changed at $3,244.79, with a softer dollar helping cap bullion's downside.

The dollar remained weak after reports emerged that the Trump administration's exemptions on electronic devices from tariffs may not last long.

U.S. Commerce Secretary Howard Lutnick said Sunday that the exemptions aren't permanent and that smartphones and computers as well as other devices and components would be subject to "semiconductor tariffs" that will likely come in "a month or two,"...