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Gold Prices Today: Gold in the domestic futures market reached a new record high level of Rs 94,573 per 10 grams in the domestic futures market on Wednesday morning due to US President Donald Trump’s tariff policy and weakening dollar. On Wednesday, April 16, gold prices rose on a record high on the multi -commodity exchange (MCX) in early trade (MCX) to record high.
Gold demand increased among investors
After touching a record high level of 94,573, gold prices fell slightly on MCX and around 9:40 am it reached Rs 94,475 per 10 grams with a gain of 1.13 %. International level on Wednesday gold priceThere was an amazing bounce in this. In fact, investors are worried about the steady decline in the dollar in the global market and the impact of the trade war on global economic growth. Gold has also reached a height on comex. It is trading at $ 3,294.60 per troy ounces with a rapid rise of 2 percent. Gold demand has increased among investors amidst economic uncertainty, so its price has increased.
That is why the price of gold is increasing
After the fall in inflation in India and the US, the expectations of cutting interest rates have also increased, due to which the prices of gold are likely to rise. Let us know that retail inflation in India became the lowest in March 2025 after August 2019. According to data from the Ministry of Statistics and Program Implementation (MOSPI), the architeine inflation based on the Consumer Price Index (CPI) increased by 3.34 % on an annual basis in March. It is less than 3.61 percent recorded in February and 4.85 percent recorded in a period of a year ago.
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