Gold price
Gold Rate Today: Tariff War started by Donald Trump is now becoming quite widespread. This has created a lot of uncertainty about global business. This is strengthening gold as safe haven asset. The global price of gold has reached a high level. According to Bloomberg, the price of gold on the Commodity Market i.e. Comex on Friday reached an all -time high level of $ 3001 an ounce. On Friday, the global price of gold closed at $ 3001.10 an ounce with a gain of 0.33 per cent or $ 9.80. At the same time, the gold spot closed at $ 2984.16 an ounce with a decline of 0.17 per cent or $ 5.02. Gold on Comex reached a level of $ 3005 on Friday.
Gold becomes safe haven asset
This boom in gold reflects excessive uncertainty in global trade. This suggests that investors are concerned about the Economic Outlook of America. Whenever there is a slowdown in the world, economic uncertainty, geopolitical tension arises or the stock market crashes, the gold becomes strong as a safe haven asset. Under these circumstances, central banks and investors buy gold, which leads to the rise in gold prices.
Domestic futures fall fall
Gold domestic futures prices have seen a slight decline. Gold closed down on Friday at the MCX Exchange. Gold, with delivery of 4 April 2025, closed at Rs 87,963 per 10 grams on Friday, 0.03 per cent or Rs 28 to Rs 87,963 per 10 grams.
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