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Gold prices surged Rs 1000 on May 7 crossed the Rs 1 lakh-mark per 10 grams in the national capital as tensions between India and Pakistan drove a rush for safe-haven assets. The rise followed Indian missile strikes on terror targets in Pakistan and Pakistan-occupied Kashmir in retaliation for the Pahalgam terror attack. It had reached Rs 100350 per 10 grams. However after 6 days Gold price rallied by Rs 950 to Rs 97500 per 10 gram in the national capital on Tuesday amid firm trend in overseas markets according to the All India Sarafa Association. The precious metal of 99.5 per cent purity jumped Rs 1000 to Rs 97100 per 10 gram. On Monday gold of 99.9 per cent and 99.5 per cent fell sharply by Rs 3400 each to Rs 96550 and Rs 96100 per 10 grams respectively. Meanwhile silver depreciated Rs 250 to Rs 99450 per kg against the previous close of Rs 99700 per kg. Gold prices have risen again after a sharp correction as safe-haven demand eased following a pause in the US-China trade war Abans Financial Services Chief Executive Officer Chintan Mehta said. The US agreed to cut tariffs on Chinese imports to 30 per cent from 145 per cent while China reduced duties on US goods to 10 per cent from 125 per cent. This tariff relief brought some calm to global markets leading to a rally in equities and a pullback in gold over the past two days Mehta added. Globally spot gold quoted higher at USD 3253.38 per ounce. Gold fell over 3 per cent on Monday lowest closing in nearly two weeks. However the metal rebounded slightly on Tuesday edging above USD 3240 per ounce Kaynat Chainwala AVP of Commodity Research at Kotak Securities said. (With Agency inputs)