Today’s gold price: The MCX gold rate reaches a record high as demand for safe havens is fueled by tariff uncertainties

Today’s gold price: the MCX gold rate surged to a new high of ₹90,830 per 10 gm, surpassing the previous high of ₹90,797 per 10 gm, after opening with an upward gap.

 

Today’s gold rate: The MCX gold rate rose to a new high for the seventh time in 2025 as a result of the uncertainty surrounding Donald Trump’s tariffs, which increased demand for the precious yellow metal as a safe haven. With an upward gap in the start, the MCX gold rate rose to a new high of ₹90,830 per 10 gm, surpassing the previous high of ₹90,797 per 10 gm.

While the COMEX gold price is approximately $3,174 per troy ounce, the spot gold price fluctuates around $3,145 per ounce on the global market.

Also Read : India’s Gold Price Hits All-Time High in 2025: 24K/100g Gold Jumps Rs. 7,100; Silver Stays Stable

 

 

 

Today’s gold rate: Key factors :

“A remarkable feat, the gold price has shattered previous barriers, establishing 17 new record highs in domestic markets this year, peaking at Rs. 89,796 per 10 gm mark,” said Sugandha Sachdeva, Founder of SS WealthStreet, in response to questions on the factors that might continue to drive gold prices. This spike in gold prices is the consequence of a number of factors coming together, rather than a random occurrence. A positive environment for gold has been created by a confluence of factors, including a dangerous geopolitical climate, a lowering interest rate environment, economic fears heightened by the ongoing trade battles started by US President Trump, and rising inflation threats.

Strong safe-haven demand is fueling the gold price increase because of concerns about the effects of a growing global trade war on economic growth. Gold’s remarkable climb has also been aided by solid ETF inflow and significant central bank purchases. One of the week’s key events is the Trump administration’s planned imposition of reciprocal tariffs on April 2. The market participants are concentrating their attention on it. Anuj Gupta,Head of Commodity & Currency at HDFC Securities,stated, “Until then,we think risk premiums build on gold prices.”

The diversification of central banks’ gold reserves :

Globally, central banks are aggressively accumulating gold, diversifying their holdings, and lowering their reliance on the US dollar. The fact that central banks have been buying more than 1,000 tonnes of gold a year for the last three years is proof of this trend. Additionally, gold ETFs are seeing a resurgence in investor interest following a protracted period of withdrawals; in February alone, global gold ETFs saw net inflows of $9.4 billion, the highest monthly flood since March 2022. China has allowed its ten biggest insurance companies to invest up to 1% of their assets in gold, adding a potentially major new source of demand.This may result in an additional $27 billion entering the market.

 

Prospects for the price of gold :

“From a technical perspective,gold’s momentum appears strong,”Sugandha Sachdeva said when asked about the future of the valuable yellow metal. With a clear break of the critical upward resistance level of $3,035 per ounce,the price of gold is now aiming for $3,200 per ounce in the medium term. However,local gold prices are facing resistance at ₹89,950 per 10 gm mark,and the recent rise of the rupee has created a minor headwind. Prices may rise to 91,200 per 10 gm in the short term and possibly to 94,000 per 10 gm in the medium term if there is a clear break above this level.

 

Disclaimer:

bharat bulletin 24×7.com does not endorse the opinions or suggestions expressed here; rather,they are the opinions of individual analysts or broking firms. Before making any financial decisions,we encourage investors to consult with qualified professionals.