gold rate today mumbai 24 carat : April 28, 2025

gold rate today mumbai 24 carat : April 28, 2025

As trade war worries subsided and the currency gained strength, gold prices dropped in the domestic futures market. Around 9:05 AM,MCX Gold June futures were down 0.18% at ₹94,818 per 10 grams.

Today’s gold price: As trade war concerns subsided and the dollar strengthened vs its rivals, gold prices fell in the domestic futures market on Monday morning. Around 9:05 AM,MCX Gold June 5 contracts were down 0.18 percent at ₹94,818 per 10 grams.

Also Read :Gold Rates Slip in India Amid Global Market Volatility : April 27, 2025

 

As safe-haven demand was impacted by the lessening of US-China trade hostilities,international gold prices also fell by more than 1% on Monday.

Due to pressure on demand, gold became more costly for buyers in other currencies as the US dollar index increased by almost 0.3%.

US President Donald Trump reportedly stated that the US administration was negotiating a favorable trade agreement with China.

However,Trump stated that he would not entertain lowering tariffs on China until a significant compromise was made.

Some US products were released from China’s high tariffs on Friday,but China swiftly disproved Trump’s claim that talks were in progress, according to Reuters.

Investors’ expectations for the US Federal Reserve’s interest rate trajectory will be shaped by the US job openings report on Tuesday, personal consumption expenditures on Wednesday, and the non-farm payrolls report on Friday, in addition to trade war-related news flows.

Disclaimer: The sole intention of this story is education. The opinions and suggestions expressed above are not those of bharatbulletin24x7.com, but rather those of individual analysts or broking firms. Since situations can change and market conditions can change quickly, we suggest clients to consult with qualified specialists before making any investment decisions.