2 weeks Ago
Gold rate today: Amid rising tension between US President Donald Trump and the US Fed chief Jerome Powell over the US Fed rate cut, MCX gold rate hit a new peak of ₹ 99,178 per 10 gm during morning deals on Tuesday. Weakness in the US dollar rates also supported the big upside opening of the yellow metal on the Multi Commodity Exchange (MCX). Gold futures contract on MCX for June 2025 expiry opened with an upside gap at ₹ 98,753 per 10 gm and touched an intraday high of ₹ 99,178 per 10 gm within a few minutes of the Opening Bell.
"Gold prices extended their record-breaking rally as the fresh week kicked off with strong early buying. Comex gold approached the USD 3,500 mark, while MCX gold registered its fresh all-time highs," Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities , said. Escalating tariff tensions, concerns over the US economic outlook, and the looming US debt crisis are supporting the rally.
Trivedi said that continued buying from China, global central banks, and institutional investors has added momentum to the bullish sentiment. (This is a developing story. Please refresh for more updates) Disclaimer: The views and recommendations given in this article are those of individual analysts.
These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions..
