Gold prices today: The tariff policies of US President Donald Trump have bounced in precious metal. Today, as soon as the market opened, MCX Gold’s 4 April futures increased by Rs 100 in a short time. It reached a historic high level of 88418 per 10 grams. Which is 100 rupees at 11.11 pm. 359 to Rs. Its price was 88382 per 10 grams.
Gold also topped Ahmedabad
In view of the attractive rise in precious metals, gold has increased by Rs 100 to Rs 2,000 per ounce in the domestic market. Commodity experts are pointing to the possibility of crossing its level of 100,000. In Ahmedabad too, the price of gold reached a record of Rs 10,000 on Saturday. It fell to Rs 10,000 yesterday after touching an all -time high level of Rs 90,700 per 10 grams. 100 rupees again increased to 100 rupees. It reached a record high of 90,800 per 10 grams (999).
Today, silver will reach one lakh again
Silver has become more shiny than gold. Due to the boom, MCX Silver Futures (5 May 2025) rose by Rs 100 today. Increased from Rs 464 to Rs. Its price was stated to be Rs 1,01,040 per kg. Silver is trading at Rs 100 to Rs 1,000 per 10 grams in the local retail market. Its price has been stated to be 99000 per kg. Which again increased to 100 rupees again. There is a strong possibility of crossing the mark of one lakh.
Due to the rise in gold and silver
1. Trump’s tariff policy: The bullion market has gained momentum due to uncertainties on Trump’s tariff policy. With the speculation that Trump will put tariffs on gold, gold imports have increased extensively.
2. Dollar weakness: Interest rates will fall with an improvement in US retail sales and positive economic data. As a result, the dollar index has reached a five -month low. Due to which gold is becoming cheaper for foreign buyers.
3. Demand for precious metals increased: Bullion investors have become eager to take advantage of tariff war and dollar fall. Due to this, the demand for gold and silver has increased globally. In the last three years, central banks from different countries have also increased their gold reserves.
4. Effect of interest cuts cuts: Economists are speculating that the Fed reserve will cut interest rates due to economic stability. Which will directly affect the bullion market. Institutional investment in gold has increased with the possibility of dollar weakening.
Waiting and look at the view of gold
The risk has increased due to ever increasing prices of precious metals. There have been reports of increasing economic stability in the world two top superparents in the US and China. Trump is also ready to interact with other countries on the issue of tariffs. So that the market can bring stability. This can also control inflation. Therefore, commodity experts wait for new investors in gold and advise to adopt a policy of look.
