Gold futures recovered marginally on Thursday, rising ₹405 to ₹1.41 lakh per 10 grams as traders resorted to value buying after a sharp selloff.
The modest rebound came despite persistent headwinds from a strong US dollar and cautious expectations regarding US interest rates.
The price action reflects a classic dip-buying dynamic, where investors view the recent decline as an entry point rather than a trend reversal.
While the immediate pressure has eased slightly, the broader market remains sensitive to macroeconomic signals that favor higher-for-longer rates.
This session follows a period of volatility in the precious metals complex.
Earlier in the week, gold and silver prices had climbed on domestic exchanges, buoyed by emerging reports of progress in peace negotiations between the United States and Iran.