Gold Price Today: Surge and Dip Explained

Gold prices experienced significant volatility today. In Delhi's bullion markets, the price of 24-carat gold surged by ₹1,300 to reach a fresh record high of ₹90,750 per 10 grams. This rally was driven by heightened global uncertainties, including trade tensions and expectations of monetary policy easing by the U.S. Federal Reserve .

Gold Price Surge Due to lower than expected inflation figures in the US, expectations of interest rate cuts have increased, due to which gold prices have seen a jump. August gold futures on MCX have risen by Rs 1300 per ten grams. At the same time, the spot price of gold has also seen an increase of Rs 1109.

Amid the fall in the stock market, there has been a strong jump in the gold price (gold price today). August gold futures on MCX have risen by Rs 1300 per ten grams. At the same time, the spot price of gold has also seen an increase of Rs 1109. The rise in gold prices in the international market has come due to a special reason. Actually, lower than expected inflation figures in the US have raised expectations of interest rate cuts. Apart from this, gold prices are also seeing an increase due to increasing geopolitical tensions in the Middle East.

August Gold Futures is trading near 98000 on MCX, and is showing a gain of 1.33 percent to Rs 1288. On the other hand, the Indian Bullion Jewelers Association (IBJA) has also updated the spot prices of gold.