Today’s gold price: As global uncertainty persists, rates rise, and experts reveal their plan for MCX Gold.

Today’s gold price: Uncertainty around Trump’s tariff stance and heightened spot demand caused gold prices to rise in the domestic futures market. Around 9:10 AM on Tuesday,the price of MCX Gold for April 4 futures was 0.19% higher at ₹87,445 per 10 grams.

Today’s gold price: Due to ongoing uncertainty around US President Donald Trump’s tariff stance,increased demand in the spot market,and a generally steady US currency,gold prices increased in the domestic futures market Tuesday morning. Around 9:10 AM,MCX Gold for April 4 contracts was up 0.19 percent at ₹87,445 per 10 grams.

The major factors influencing gold prices continue to be rising geopolitical tensions,global uncertainty brought on by Trump’s tariff plans, and predictions of a US Fed rate decrease.

But for the past five sessions,domestic spot gold prices have been declining. Due to a constant dollar index and a lack of new triggers, it has dropped by roughly ₹1,000.

Trump’s tariff action is increasing uncertainty, which is a major factor in gold prices,which often climb when markets are unstable.

Trump stated on Monday that not all of the tariffs he had suggested would be put into effect on April 2.

“Trump said on Monday that automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2, and some countries may get breaks,” according to Reuters.

Also Read : Today’s gold price: With the dollar rising and no new triggers, rates are sluggish; experts point to important levels for MCX Gold

Gold also benefits from the possibility of additional rate reduction by the US Fed. There are still worries, though, that sticky inflation may impede the rate and scope of these cuts.

The president of the Atlanta Federal Reserve believes that there will only be one 25 basis point rate drop this year, according to a Reuters story.

“Atlanta Federal Reserve President Raphael Bostic said on Monday he anticipates slower progress on inflation in the coming months and, as a result,now sees the Fed cutting its benchmark rate only a quarter of a percentage point by this year-end,”according to Reuters.

The Fed’s favored inflation indicator,the Personal Consumption Expenditures (PCE) index data,which is coming on Friday,would be the short-term catalyst for gold.