Gold prices in India surged today, with MCX gold futures trading close to ₹1.23 lakh per 10 grams, marking one of the highest levels in recent sessions.
Meanwhile, silver prices also witnessed a 1% jump, tracking firm global trends and improved investor sentiment.
📈 Why are gold prices rising today?
Experts say the gold rate today has gained momentum amid rising optimism over the US-China trade deal and a weaker US dollar.
Investors are closely watching geopolitical developments and central bank policy cues, which continue to influence the safe-haven demand for gold.
🌏 Global market trends
In the international market, spot gold is trading near $2,430 per ounce, while silver is hovering above $28.90 per ounce.
A softer dollar and lower bond yields have provided additional support to gold.
Uncertainties around global growth and inflation concerns are prompting investors to seek safety in precious metals.
🇮🇳 Domestic demand remains strong
In India, festive and wedding season demand continues to support prices. Despite higher gold rate today, jewellers report steady interest from retail buyers.
However, experts caution that if gold crosses the ₹1.25 lakh per 10 gm mark, short-term demand could slightly cool off due to high price sensitivity in the Indian market.
🪙 What should investors do now?
According to analysts, the gold rate today may stay firm in the near term, especially if the US dollar continues to weaken and expectations of global rate cuts persist.
Long-term investors can consider buying on dips, as gold remains a strong hedge against inflation and economic uncertainty.
🔮 Outlook for coming days
- If progress is made on the US-China trade deal, some profit booking in gold may occur.
- However, if global tensions persist, gold rate today could test higher levels, possibly touching ₹1.25 lakh per 10 gm.
- Silver may also stay firm as industrial demand picks up in global markets.
🧾 Conclusion
The gold rate today reflects both domestic buying strength and global economic shifts.
For investors, it’s a time to stay alert but optimistic — gold’s glitter is far from fading.
As experts say, when uncertainty rules the world, gold always shines the brightest.