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Gold Price: The global market has seen a decline in the price of gold for the last three days after a lot of upheaval. This decline has been around ₹ 4,000, due to which the price of 10 grams of gold has come down to ₹ 97,800.
26-04-2025
Gold Price: There is uncertainty in the global market due to a dispute between US President Donald Trump and China. Meanwhile, there was a huge decline in silver prices. Apart from this, the June futures of gold on MCX fell more than one percent in a day. At the same time, the hope of trade agreement between the US-China and the strength of the dollar has inspired investors to booking profit. Experts believe that gold outlook in medium term is positive, but prices may persist.
10 grams of gold reached ₹ 97,800
Gold prices had seen a record rise for some time, but now it is falling drastically. This is the reason that in the last three days, there has been a decline of up to 4 thousand in the price of gold. At the same time, at present gold price has increased to 10 grams per 10 grams. A similar decline has also been seen in silver prices. On Friday, April 25, the June futures of gold on MCX fell more than 1% in Intrade Trade, due to profit booking by investors.
The atmosphere changed from America-China relations
Reports of US President Donald Trump’s statement and tariff exemption on some American imports of China have brought a new turn in the global market. This has increased the hope of trade agreement among investors, and they have started profit booking. Internationally, the price of gold declined by more than 1%. According to the reports of Reuters, China is considering giving relief in its 125% tariff, which has increased the possibility of stability in the market.
Foreign buyers back down due to strong dollar index
The dollar index has recorded an increase of 0.3%, which has put pressure on the international prices of gold. Since the price of gold is fixed in dollars, the strength of the dollar makes it expensive for foreign buyers, which leads to a decline in demand. Between the trade talks and tariff policies of the Trump administration, gold prices will continue to fluctuate.
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