International News
MCX Gold at fresh high; Trump tariffs drives gold prices to record high
MCX Gold prices rose to a fresh record high in the morning session on Tuesday, February 11, supported by concerns over US President Donald Trump’s aggressive tariff policies. MCX Gold for April 4 contracts jumped to a record high of ₹86,360 per 10 grams. Around 11:35 AM, the yellow metal was 0.12 per cent up at ₹85,923 per 10 grams on the MCX.
International gold prices topped the key $2,900 level for the first time, driven by safe-haven demand amid heightened concerns over a trade war. Comex Gold jumped to a record high of 2,968.50 level.
Trump imposed a 25 per cent tariff on steel and aluminium imports on Monday, stoking fears of a trade war. Geopolitical uncertainty and aggressive buying by central banks have boosted gold prices of late.
International News
Precious Metals Rebound As Fed Rate Fears Ease
Recent Volatility In Technology Stocks Pushed Investors To Seek Shelter In Traditional Safe-Haven Assets
Gold and silver surged on Saturday, June 27, building on recent gains after cooler US inflation data alleviated worries about potential Federal Reserve interest rate hikes. This rebound follows a sharp downturn last week, which had dragged bullion down to its lowest levels since November 2025.
Spot Gold: Advanced 1.6% to settle at $4,089.80 per ounce in New York. Spot Silver: Climbed 2.2% to reach $59.15 per ounce. Other Metals: Platinum and palladium also posted gains.
Beyond the macroeconomic data, broader market anxiety fueled the rally. Recent volatility in technology stocks—largely driven by shifting sentiment around Artificial Intelligence (AI)—pushed investors to seek shelter in traditional safe-haven assets. Despite a 1.7% intraday surge on Friday, gold remains on track for its fourth consecutive weekly decline, marking its longest weekly losing streak since August 2023.
Meanwhile, Indian domestic retail prices held steady on Saturday, maintaining their elevated positions. In Mumbai, prices closely mirrored national trends: 24K Gold: Rs. 1,44,300 per 10 grams.999 Fine Silver: Rs. 2,22,850 per kilogram
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