Gold prices retreated after an agreement between the United States and Mexico to avert a tariff war crimped safe-haven demand for the yellow metal.
Also cushioning gold's losses were increasing bets of a Fed rate cut, as trade tensions and soft economic data from the country cast a cloud on global economic outlook.
India’s gold consumption in 2019 is seen at 750-850 tonnes compared to 760.4 tonnes last year and a 10-year average of 838 tonnes, the World Gold Council said.
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