On monday, april 21, gold prices surged, and for the first time, actual gold prices in india surpassed ₹1 lakh. gold futures for june delivery on the Multi Commodity Exchange (MCX) surged to more than ₹97,000 per 10 gm, making history.
 
The actual price of gold surged past ₹1,00,100 throughout the session, in addition to a 3% Goods and services Tax (GST) on the yellow metal.  Thus far in 2025, gold prices have risen by more than 26%, or more than ₹20,800 per 10 grams.
 
At approximately 6:45 p.m. on monday, MCX gold prices increased to ₹97,200 per 10 gm, up ₹1,946 or 2.04% from Thursday's closing price. Due to Good Friday, the bullion markets were closed on Friday, april 18.

Gold's seemingly never-ending bling
With the US-China trade war intensifying and the dollar depreciating, gold prices have surged both domestically and internationally. monday saw a three-year low for the US dollar, which increased demand for the yellow metal as a safe haven.
 
When other investments become riskier due to volatility, gold climbs because it is a safe haven.  Inflation is increasing and markets are erratic at the moment.  Market investors are feeling uneasy due to growing tensions between the US and China, the two superpowers, as well as fears of stagnation and recession.  Even if the US has levied 245% tariffs on China, Beijing's retaliatory tariffs and actions are keeping the prospect of a full-scale trade war between the two countries alive.  

In addition, the impending indian holiday demand for gold and growing investor interest in gold exchange-traded funds (ETFs) are contributing to the precious metal's further ascent.
 
 In order to plot the direction of gold, commodity analysts predict that investors will closely watch how US President Donald Trump's tariff plan plays out as well as Federal Open Market Committee (FOMC) commentary to get clues about potential future interest rate reduction.  In the near future, more market turbulence may increase demand for gold as a safe haven and, consequently, its values.
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SIBY JEYYA

22/04/2025 11:37 AM