Indian bond yields spiked after the minutes of the monetary meeting suggested that they were likely to take a more hawkish tone starting as early as June.
Gold prices edged down early as global political tensions eased, but expectations for rising inflation supported demand for the safe-have asset.
Gold prices rose for a fourth straight session helped by a rally in base metals that has fuelled concerns of inflationary pressures, with US-China trade tensions.
European shares bobbed along, supported by a slew of well received company results as the focus turned from geopolitics to the first-quarter earnings season.
Gold prices were steady as the US dollar remained on the back foot, with the metal supported by festering worries over US-China trade tensions.
Oil prices rose amid worries there could be a high risk of disruptions to supply, especially in the Middle East.
Trading on India’s NCDEX was temporarily suspended on Monday afternoon after a fire erupted in the basement of its headquarters in Mumbai, a company spokesman said.
European shares steadied near 4-week highs as investors expected there would be no immediate escalation in Syria following the weekend’s US-led strike.
Gold rose on safe-haven buying following the US-led missile strikes against Syria, but the gains were limited by the likelihood that the operation may be a one-off event
Gold rose on Friday and was set to post a small gain for a second week running, supported by tensions over Syria.