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Global Gold Prices Top $3,400, Moving Towards Rs 97,000 On MCX
Apr 21, 2025 05:10 pm
By
infodivyadelhi

Divya  Delhi:  The latest gold price surge keeps it in the news. International gold prices topped USD 3,400 per ounce on Monday. Prices are approaching a fresh high of Rs 97,000 per 10 kilos on the Multi Commodity Exchange of India (MCX). The uncertainty surrounding Trump's reciprocal tariffs proposal and counter-tariffs have boosted worldwide gold prices, which have been rising. Analysts expect safe-haven gold to rise if the trade conflict escalates. Publicly available data indicated gold prices climbed over 20% in 2025 at an unprecedented rate. About 40% have risen in the past year. According to a report released last week by Motilal Oswal Financial Services Ltd. (MOFSL), geopolitical risks, trade tensions, particularly between the U.S. and China, and a surge in safe-haven demand from institutional and retail investors drove this sharp rally. Motilal Oswal said gold will stay appealing as the global economy navigates policy uncertainties and decreasing growth. According to Tata Mutual Fund, central banks' rising gold purchases will bolster gold prices.