Today’s gold price: the MCX gold rate opened higher today and reached an intraday high of 91,232 per 10 grams.
Gold rate today: During early morning trading on Wednesday, gold prices maintained their upward trajectory despite the threat of tariffs from Donald Trump, declining US dollar rates, and growing global concern. MCX gold rate (June 2025 expiry) today opened with an upside gap at ₹91,229 per 10 gm and achieved an intraday high of ₹91,232 per 10 gm within a few minutes after the Opening Bell. The COMEX gold price is approximately $3,155 per troy ounce, while the spot gold price fluctuates around $3,125 per ounce on the global market.
Today’s gold rate: 5 key indicators :
“Gold rates today are expected to remain dominated by these five triggers: Donald Trump tariff threats, geopolitical tensions, fall in US dollar index, central bank buying, investor demand, and US Fed rate cut expectations,” stated Manav Modi, Senior Analyst — Commodity Research at Motilal Oswal, in reference to the significant triggers that may continue to drive gold prices today.
According to the Motilal Oswal analyst,despite ceasefire reports, the US-Iran tensions and the Israel-Hamas conflicts are the two geopolitical issues driving the current gold price surge.
“The gold rally is being driven by factors such as strong safe-haven demand due to the fear of an escalating global trade war and its implications for economic development,”stated Anuj Gupta,Head – of Commodity & Currency at HDFC Securities, echoing Manav Modi’s comments. Gold’s remarkable climb has also been aided by solid ETF inflow and significant central bank purchases.
The tariff flair of Donald Trump :
‘The Trump administration’s planned application of reciprocal tariffs on April 2 is a critical event for this week,’ Anuj Gupta said, referring to US President Donald Trump’s tariff tirade. Market players are paying attention to it, and in the interim, we think risk premiums increase the price of gold.
Today’s gold rate: Crucial points to observe :
Anuj Gupta responded,The MCX gold rate has a strong base at ₹90,200 per 10 gm,but it is facing hurdle at ₹92,625 when asked about the key levels pertaining to MCX gold prices. The short-term target price of ₹92,625 can be achieved by purchasing MCX gold at approximately ₹90,900 to ₹91,000 per 10 gm. However,while starting a new position in MCX gold,the stop loss must be kept at ₹90,180.
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