Gold prices rose to fresh Monday as the dollar index at the global market lunch at 1.13 percent to a minimum of three years of 98.10. The dollar index measures the strength of the backback against a six coins basket.
Since gold is a metal called dollars, it becomes cheaper for institutional buyers and Sces Buy Haven Gold gold in other currencies. Gold prices are inversely proportional to the dollar index movement.
Gold prices in India were close to ₹ 1 Lakh per 10 GM, including 3 percent of services and services, thoroughly of global developments. Pure gold prices won two percent or 1,760 for 10 grams on Monday at ₹ 96,670 against ₹ 94,910 Thursday, according to the Bullio de la India jewelry association of India.
With the addition of three percent GST, national prices increased to ₹ 99,570 for 10 grams in Mumbai.
In the last month, gold prices have increased 13 percent or ₹ 8.164 for 10 grams to ₹ 96.670 on Monday from ₹ 88.506 recorded on March 20 thoroughly of the world’s economic uncertainty unleashed by the US commercial rate worldwide.
Submitted demand
Ajay Kumar, director of Kedia Commodities, said that the demand for gold in India remains moderate as record prices discourage jewelry purchases, despite the strong interests of investors in digital gold and negotiated funds (ETF).
“The concessionaire offered discounts of up to $ 74 per ounce about national prices, very high than the discount of $ 33 per week before,” he said.
National prices have reflected the profits in the international market as Chex Spot’s gold reached a record of $ 3,396 per ounce, while US gold futures rose to $ 3,403 per ounce, marking an increase of 2 percent each.
Comex Gold Futures increased to $ 3,407 per ounce, marking an amazing gain of 60 percent since March 2024. The demonstration was fed by a strong drop in dollars, intense geopolitical risks and political uncertainty of Washington.
Apart from this, the intense commercial war between the United States and China has led to the imposition of new tariffs, increasing market volatility and promoting investors to safe assets such as gold.
Renisha Chainani, head of the head, Augmont, said that concerns about global economic growth as a result of the growing Chinese-American commercial war are promoting gold prices, with a dollar dollar of Waker by increasing the impulse.
Fundamentally, markets are prices in higher geopolitical risks, driven by US commercial tensions and the conernos of stagns, while the persistent demand of the central bank adds to price pressures, he said.
The dollar has faced a sustained pressure, with the lowest dollar index more than 9 percent in the year to date, which reflects the growing expectations of the Federal Reserve, they are possibly forced to pivot.
Posted on April 21, 2025
