The global stock markets have increased instability after US President Donald Trump’s announcement of reciperock tariff (counter -duty) from April 2. In this uncertain atmosphere, investors are moving fast towards gold in search of safe options, due to which there is a tremendous jump in gold prices.
Gold made new record on MCX
On 1 April 2025, the June Future Contract of Gold on Multi Commodity Exchange (MCX) gained Rs 677 and reached an all -time high of Rs 90,797 per 10 grams.
At the same time, the May futures contract of silver opened at Rs 1,00,791 per kg, with a rise of Rs 726 (0.73%).
Causes of gold prices rise
There are many global reasons behind rising gold prices:
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America impact of potential business tariff
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Global equity markets decline
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Russia-Ukraine stress and rising stress in middle East
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Investors’ trend in precious metals
According to Manoj Kumar Jain of Prithvi Finmart Commodity Research, “In these conditions, investors are purchasing gold as a safe option.”
Should we buy gold now or not?
According to Manoj Kumar Jain:
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Gold and silver prices will continue to fluctuate this week
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Gold can maintain support level at $ 3,040/ounce and silver at $ 32.40/ounce
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Investors have been advised to buy at Rs 90,350 with a stop loss of Rs 89,800.
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The target price is stated to be Rs 91,300 per 10 grams
Gold-silver price in bullion market
On April 1, there was a huge jump in gold prices in the bullion market:
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24 carat gold: Rs 1802 rose to Rs 90,966 per 10 grams
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23 carat gold: Rs 90,602 per 10 grams
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22 carat gold: Rs 83,325 per 10 grams
At the same time, the price of silver was recorded and it reached Rs 99,832 per kg, which was above Rs 1 lakh a day earlier.
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