US President Donald Trump returned to the White House on Monday after a three-night hospital stay where he was being treated for COVID-19.
In the spot market, gold prices fell by Rs 389 to Rs 51,192 per 10 gram in the national capital on Monday, in line with a weak global trend, according to HDFC Securities. Silver prices also declined Rs 466 to Rs 61,902 per kilogram.
Globally, gold prices were steady on Tuesday, having hit a near-two week high in the previous session, as a softer dollar countered pressure from an upbeat risk sentiment.
Spot gold traded at $1,912.49 per ounce by 0108 GMT. Prices hit $1,918.36 on Monday, a peak since Sept. 22. US gold futures were little changed at $1,919.30.
US House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke on the coronavirus economic relief and were preparing to talk again Tuesday, continuing their work towards a deal on legislation.
Chicago Federal Reserve Bank President Charles Evans said on Monday he expects U.S. inflation to reach 2 per cent by 2023 and wants to push it to 2.5 per cent to offset years of below-target price rises.
Silver rose 0.1 per cent to $24.37 per ounce, platinum inched 0.1 per cent higher to $897.99, while palladium dipped 0.2 per cent to $2,356.85.