Today’s gold price:
Today’s gold rate: Due to central bank purchases and strong safe-haven demand, gold prices have increased by almost $400 in 2025 and reached a new high of $3,167.57 on April 3.
After US President Donald Trump increased tariffs on China after temporarily easing high penalties on a number of other nations, gold prices surged on Thursday due to increased demand for safe haven assets. The worldwide gold rate increased by 3% over the previous session.
On April 10, the Indian stock and commodities markets are closed in observance of Mahavir Jayanti 2025. However, at 5 PM, the Multi Commodity Exchange (MCX) will open for evening commodity trading.
The price of spot gold increased by 0.2% to $3,089.17 per ounce. On April 3, the price of bullion reached its highest point ever, $3,167.57. At $3,104.90,US gold futures increased 0.8%. US gold futures increased 3% over the previous session,while spot gold prices increased 2.6%.
On Wednesday,the MCX gold rate closed at ₹89,724 per 10 grams, down ₹80 or 0.09%. It reached the peak of the session at ₹90,853. To close at ₹91,600 per kg,the price of silver increased by ₹2,856,or 3.22%.
According to Reuters, significant safe-haven demand and central bank purchases have caused gold prices to jump more than $400 in 2025 and reach a record high of $3,167.57 on April 3.
Chinese-US Trade Tensions :
Gold prices surged after Trump increased his pressure on China. Trade tensions between the two biggest economies in the world escalated when Trump announced he would increase the tariff on Chinese imports from 104% to 125%. Trump did, however, also declare a 90-day moratorium on increased taxes on all countries.
Investors fled from stocks and industrial commodities in search of protection in gold due to worries that tariffs would increase inflation and impede economic growth. Historically, the yellow metal has been seen as a refuge in times of economic and political unpredictability.
For important clues about the Federal Reserve’s interest rate outlook,market players are now anticipating the release of the US Consumer Price Index later today and the Producer Price Index on Friday.
(With Reuters’ assistance.)
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