In Mumbai, Kolkata and Chennai, the price of ten grams of 24 carat gold was Rs 89,610.
Gold prices in the domestic futures market recorded a boom on Tuesday morning. According to the official website of the Multi Commodity Exchange (MCX), the MCX Gold contract for April 4 was trading at 9:53 am to 0.22 percent to Rs 87,471 per 10 grams. This change in the price of gold is being seen amid uncertainty on US President Donald Trump’s tariff policy, demand for demand in the spot market and stability in US dollars. However, domestic spot gold prices are falling for five consecutive sessions.
Gold also got support from them
According to the news, US President Trump’s tariff move is increasing uncertainty, which is a major driver of gold prices, which increases during market volatility. The possibility of deducting interest rates by American Fed is also a positive factor for gold.
Gold in the spot market, silver also cheaper
According to the website of Good Returns, on March 25, the price of 24 carat gold declined by Rs 10 in early trade. 10 grams of gold was trading at Rs 89,610. The price of silver also fell by Rs 100 and one kilogram of silver sold at Rs 1,00,900. Apart from this, the price of 22 carat gold fell by Rs 10 and ten grams of gold sold at Rs 82,140. In Mumbai, Kolkata and Chennai, the price of ten grams of 24 carat gold was Rs 89,610. The price of ten grams of 24 carat gold in Delhi was Rs 89,760.
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