On Tuesday, spot gold prices declined by 0.4 percent to close at $1220.9 per ounce dropped to an eight-week low on Tuesday as safe haven demand continued to fade in the wake of Emmanuel Macron's victory in the French election and as expectations for tighter U.S. monetary policy lifted bond yields. On the MCX, gold prices declined by 0.43 percent to close at Rs.27971 per 10 gms.

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