Gold witnessed a sharp decline in prices on Monday, as traders shifted from safe-haven buying after the United States (US) announced a 90-day pause on tariffs against Chinese imports, PTI reported.

According to the All India Sarafa Association, gold of 99.5 per cent purity dropped by Rs 3,400 to Rs 96,100 per 10 grams on Monday. This marks the steepest decline in 10 months, with the last major fall being Rs 3,350 on July 23, 2024.