Gold prices dipped lower on Wednesday, following easing trade tensions between China and the United States, which led to a decline in safe-haven demand.At 09:53 am IST, MCX June gold futures were trading at Rs 93,321 per 10 grams (or ounce), showing a decrease of Rs 326 from the previous close.

Since US-China trade deal, gold has declined nearly 3%. Among other metals, June silver futures shed Rs 522, to trade at Rs 96,245 per kg. "Positive developments in US trade policy are diminishing the appeal of gold in the short-term," Capital.com's financial market analyst Kyle Rodda told Reuters.