Golden Rate Today: Yellow metal hits a new high of £ 91.423 per 10 g, as Trump's rates are safe for a safe Haven | Einsmark news

Golden Rate Today: Gold prices on MCX traded half a percent higher on Thursday, with the detection of profits in international basket prices, rising safe demand after US President Donald Trump announced more aggressively than expected reciprocal rates against major trading partners. MCX gold prices opened higher by £ 91.230 per 10 grams compared to the previous closure of £ 90.728. MCX Silver Prices opened at £ 99,658 per kg compared to the previous closure of £ 99,753. Gold prices reached a fresh peak of £ 91.423 after opening. At 09:10, MCX goldened rate traded higher by £ 557, or 0.61%, at £ 91,285 per 10 grams. MCX Silver rate was £ 1.561, or 1.56%, at £ 98,192 per kg. International gold hit a record high when nervous investors rushed to the safe Haven assets about the fear of expanding the global trade war. Spot Gold rose 0.4% at $ 3,145.93 per ounce, after taking a peak of $ 3,167.57 of $ 3,167.57 earlier in the session. US gold futures has hurled 0.1% at $ 3,170.70. Spot Silver dropped 1.2% to $ 33.61 per gram. Trump rates Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the US and higher duties on dozens of other countries, including some of the largest United States trading partners, which deepened the global trade war. Trump’s administration also confirmed that its 25% global car and truck rates will come into effect as scheduled at April 3 and that the import of auto parts will be launched on May 3, Reuters reports. The dollar index and the US 10-year bond yields have dropped to 5-1/2 months lows, supporting gold prices. Gold Price Outlook Gold prices have hit new lifespan highlights. Silver was also very volatile during its tariff announcements, but the sale in the industrial metals and global stock markets could not support silver prices, says Rahul Kalantri, VP Commodities, Mehta Equity Ltd. “Gold has support at $ 3,118 – 3.095, while the resistance is at $ 3,172 – 3.190. $ 33,80 – 34.05,” Kalantri said. At MCX, gold prices, according to him, have support at £ 90,480 -9 0.250, while resistance to £ 91.080 – 91.390. Sliver has support at £ 99,050 – 98,450, while resistance to £ 1,01,000 – 1,01,740 is resistant. Meanwhile, the Indian stock market has been trading lower, with the criterion Nifty 50 index falling below 23,300 level. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketsCommoditiesGold Rate Today: Yellow metal hits a new high of £ 91.423 per 10 g, as Trump’s rates are safer