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Gold price today: Gold prices were lacklustre on profit booking in the domestic futures market Monday morning amid the dollar’s rise, muted spot market demand, and a lack of fresh triggers. MCX Gold for April 4 contracts traded 0.08 per cent lower at ₹87,705 per 10 grams around 9:10 AM on March 24. It has come down by over ₹2,000 from its all-time high of ₹89,796 per 10 grams, which it hit on March 20.
Domestic gold rates have soared 14 per cent this year due to heightened global uncertainty, fears of a recession in the US due to President Donald Trump’s tariff policies, and rate cut expectations from the US Federal Reserve.
A decline in the dollar index, continuous buying by central banks and strong demand in major markets such as China and India have also contributed to the rise in gold prices.
More to come…
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