Gold Rate Today LIVE Updates: Gold prices scaled an all-time peak on Tuesday, as global geopolitical uncertainties exacerbated by rising trade tensions lifted demand for the safe-haven asset. MCX gold prices surged to a record high of above ₹88,600 level, tracking international bullion prices that extended its historic run above the $3,000 mark. Spot gold prices hit a record high of $3,018.66, while US gold futures were around $3,027.
Gold rates have rallied more than 14% year-to-date (YTD) amid geopolitical instability. Since US President Donald Trump took office in January, the yellow metal prices have hit a record high 14 times as economic concerns due to his tariff war boosted demand. Meanwhile, the US dollar wallowed near a four-month trough, making gold cheaper for overseas buyers.
Moreover, tensions flared in the Middle East again after Israeli air strikes on Gaza, supporting the gold prices. Investors will now watch out for the US Federal Reserve policy and interest rate decision this week. Stay tuned to our Gold Rate Live blog for the latest updates on yellow metal prices.
Gold Rate Today LIVE: What’s behind gold price rally to record high? Anuj Gupta of HDFC Sec decodes
Gold extended gains on Tuesday and touched a fresh all-time high at $3024.0 an ounce in the European trading hours as investors weighed US data that fueled concerns about an economic slowdown. An escalation in Middle East tensions further underscored the precious metal’s haven appeal.
Israel on Tuesday said it launched military strikes on Hamas targets in Gaza, a move that threatens to undermine a shaky truce. Meanwhile, yesterday’s US retail sales data, which rose less than forecast in February, signalled consumer caution and lifted bets that the Federal Reserve will resume its rate-cutting cycle, which also acts as a tailwind for precious metals.
Views by: Anuj Gupta, Head — Commodity & Currency at HDFC Securities
Gold Rate Today LIVE: Spot gold touches record high of $3,018.66
Gold Rate Today LIVE: International gold prices scaled an all-time peak, extending its historic run above the $3,000 mark as global uncertainties exacerbated by rising trade tensions kept investors hooked on the popular safe-haven asset, Reuters reported.
Spot gold rose 0.6% to $3,017.84 an ounce, after hitting a record high of $3,018.66. Prices climbed above $3,000 for the first time on March 14. US gold futures gained 0.7% to $3,027.00.
Gold Rate Today LIVE: MCX gold hits record high above 88,600 level
Gold Rate Today LIVE: MCX gold prices traded higher on Tuesday, surging past ₹88,600 per 10 grams level for the first time. MCX gold rate opened higher at ₹88,274 level as against its previous close of ₹88,023. Yellow metal jumped to hit a record high of ₹88,672 per 10 grams level. At 2:50 PM, MCX gold prices were trading higher by ₹532, or 0.60%, at ₹88,555 per 10 grams.
Gold Rate Today LIVE: Yellow metal prices hit record high
Gold Rate Today LIVE: Gold prices hit record highs on both, domestic and international markets. MCX gold prices surged above the record high of ₹88,600 level, while US gold futures were around $3,027.
