Gold Price Today: Key Highlights & Market Insights 📈✨
- 📊 MCX Gold Above ₹86,000: Gold prices edged higher, staying above ₹86,000 per 10 gm in early trade.
- 📉 Opening & Highs:
- Opened lower at ₹86,139 per 10 gm.
- Touched an intraday high of ₹86,271.
- Closed at ₹86,152 on Tuesday.
- 🌍 Global Gold Rates:
- Spot gold: Trading above $2,900 per ounce, currently at $2,918.
- COMEX gold: Priced at $2,924 per troy ounce.
- 🔥 What’s Driving Gold Prices?
- 🛑 Trump’s Tariff Tensions: US tariff concerns fueling economic uncertainty.
- 💵 Weak US Dollar: A softer dollar supports higher gold prices.
- 📈 Safe-Haven Demand: ETF inflows indicate strong investor confidence in gold.
- 📉 US Inflation Impact: Cooling US CPI data raises Fed rate cut expectations, boosting gold’s appeal.
- 📌 Expert Insights:
- Jateen Trivedi, VP Research at LKP Securities, expects gold to trade between ₹85,000 – ₹86,500 in the near term.
💡 Stay tuned for more updates on gold price trends!
