Gold rate today: During early morning trade on Wednesday, gold prices maintained their upward trend despite Donald Trump’s tariff threat, declining US dollar rates, and growing global concern.Within minutes of the Opening Bell, the MCX gold pricing (June 2025 expiry) reached an intraday high of ₹91,232 per 10 gm after opening with an upside gap at ₹91,229 per 10 gm today. The COMEX gold price is approximately $3,155 per troy ounce, while the spot gold price fluctuates around $3,125 per ounce on the global market.
Gold rate today: Top 5 triggers
“Gold rates today are expected to remain dominated by these five triggers: Donald Trump tariff threats, geopolitical tensions, fall in US dollar index, central bank buying, investor demand, and US Fed rate cut expectations,” stated Manav Modi, Senior Analyst — Commodity Research at Motilal Oswal, in reference to the significant triggers that may continue to drive gold prices today.
According to the Motilal Oswal analyst, despite ceasefire reports, the US-Iran tensions and the Israel-Hamas conflicts are the two geopolitical issues driving the current gold price surge.
“The gold rally is being driven by factors such as strong safe-haven demand due to the fear of an escalating global trade war and its implications for economic development,” stated Anuj Gupta, Head – of Commodity & Currency at HDFC Securities, echoing Manav Modi’s comments. Gold’s remarkable climb has also been aided by solid ETF inflow and significant central bank purchases.
Donald Trump’s tariff flair
“The Trump administration’s planned implementation of reciprocal tariffs on April 2 is a crucial event for this week,” Anuj Gupta said, referring to US President Donald Trump’s tariff tirade. Market players are paying attention to it, and in the interim, we think risk premiums increase the price of gold.
Gold rate today: Important levels to watch
When asked what the key MCX gold rate levels are, Anuj Gupta responded, “The MCX gold rate has a firm foundation at ₹90,200 per 10 gm, but it is encountering barrier at ₹92,625. The short-term target price of ₹92,625 can be achieved by purchasing MCX gold at approximately ₹90,900 to ₹91,000 per 10 gm range. However, while starting a new position in MCX gold, the stop loss must be kept at ₹90,180.
Disclaimer:
Mint does not endorse the opinions and suggestions expressed above; they are the opinions of individual analysts or broking firms. Before making any financial decisions, we encourage investors to consult with qualified professionals.
