Gold futures for the June 5, 2025, contract hit their lifetime high of ₹91,400 per 10 grams on the MCX index on Tuesday. Just off the day’s high at 5:50 p.m. (IST), the futures traded at ₹91,120 per 10 grams, compared to ₹90,717 per 10 grams at the previous market close.
Gold Price Outlook
Experts estimate that the week ahead will remain ‘highly volatile’ for the precious yellow metal after the gold futures hit their all-time high levels on Tuesday.
Jateen Trivedi, VP of Research, Commodities and Currency at LKP Securities, estimates that investors should take a ‘cautious approach’ ahead of Donald Trump’s major US tariffs announcement on April 2.
“With gold already factoring in most of the tariff-related moves, any delay or lower-than-expected tariffs could trigger further profit booking,” said Trivedi.
“On MCX, gold registered a fresh all-time high of ₹91,400 in the June contract, marking an impressive 18% gain in 2025 so far. The week ahead remains highly volatile, with a trading range projected between ₹88,500 to ₹92,500. Additionally, key economic data, including Manufacturing and Services PMI, ADP unemployment, Nonfarm Payrolls, and US Unemployment data, will keep traders on edge, influencing gold’s movement further,” said Trivedi, analysing the outlook for gold in the upcoming sessions.
(This is a developing story. Please check back for updates.)
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
