Gold Price Today: Yellow metal scales fresh all-time high, hovers near Rs 91,000/10 gms
Gold June futures contracts at MCX rose by Rs 677 to their new all-time high of Rs 90,797 on Tuesday, April 1, amid uncertainties surrounding the trade war.
Meanwhile, silver May futures contracts have been volatile, but firmly above the Rs 1 lakh/kg mark. The same opened higher today at Rs 1,00,791/kg, gaining of Rs 726 or 0.73%.
On Monday, gold and silver settled on a mixed note in the domestic and international markets. Gold June futures contract settled at Rs 90,717 per 10 grams with a gain of 1.15% while silver May futures contract settled at Rs 1,00,065 per kilogram with a loss of 0.39%.
Gold and silver showed very high volatility and were settled on a mixed note ahead as the U.S. President’s reciprocal trade tariff deadline is approaching. The U.S. President's trade tariffs is spoiling global growth prospects and supporting safe-haven buying for precious metals.
Gold prices hit fresh lifetime highs and crossed $3,150 per troy ounce levels.
Live Events
“Global equity markets are struggling due to tariff fears and geopolitical tensions are also escalating between Russia-Ukraine. The U.S. President’s threats to Iran are also increasing tensions in the Middle East and supporting prices of gold,” said Manoj Kumar Jain of Prithvifinmart Commodity Research.
Today, the US Dollar Index, DXY, was hovering near the 104.10 mark, falling 0.09 or 0.09%.
“Silver showed profit taking amid weakness in the industrial metals. Precious metals are breaking all barriers and could show more strength amid persisting global