Gold price today: MCX Gold hits fresh record high; should investors buy or book profit? | Stock Market News
Gold price today: Gold rates jumped to hit a new record high in the domestic futures market in Thursday’s evening session on concerns over an escalating trade war between the United States and China. MCX Gold June 5 contract jumped over a per cent to hit a fresh high of ₹91,464 per 10 grams. Around 5:20 PM, the same contract was 1.44 per cent up at ₹91,100 per 10 grams.
US President Donald Trump on Wednesday announced a 90-day pause on reciprocal tariffs, while raising duties on Chinese imports to a staggering 125 per cent.
While Trump’s temporary pause on reciprocal tariffs has come as a major relief for stock markets, his aggressive stance on China has raised fears that the world still faces the possibility of a major trade war between the world’s two largest economies — a development that could seriously impact global economic growth.
Gold prices tend to gain during times of geopolitical and economic uncertainty.
More to come…
