Why Is Gold Rate Today Soaring Amid Global Trade Tensions?
Gold has turned out to be the most attractive asset, and global issues are the reason behind it! The US-EU trade conflict is escalating, with the European Parliament considering the option of retracting the US trade deal of the previous year, and President Trump threatening to impose a 10% tariff on eight European countries, which may escalate to 25% by June. Under these circumstances, investors are taking refuge in gold, which is the safest investment. The gold price is on the rise amidst falling equities, unstable currencies, and increasing global tensions. If you have been thinking of investing in gold, you already know the reason, gold is the only asset benefiting from the market chaos!
Key Levels to Watch For Gold Rates And Silver Rates
Gold
-
MCX Support: ₹1,48,800 & ₹1,46,600 | Resistance: ₹1,52,500 & ₹1,55,000
-
International Support: $4,740 & $4,685 | Resistance: $4,810 & $4,855
Silver
-
MCX Support: ₹3,16,000 & ₹3,08,500 | Resistance: ₹3,30,000 & ₹3,38,000
-
International Support: $92.40 & $89.80 | Resistance: $96.60 & $98.80
Gold Rate Today in India (INR)
| Unit | Price |
|---|---|
| 1 Gram | ₹14,288.02 |
| 10 Grams | ₹142,888.00 |
| Tola | ₹166,653.70 |
| Troy Ounce | ₹444,408.80 |
Investment Insight: Experts Recommend Buy-on-Dips Strategy for Gold and Silver
Gold, as per the specialists, continues to be the go-to asset during times of uncertainty. The market advises investing during dips instead of shorting, as tensions in international politics, fears of a US-EU trade war, and currency instability are still keeping gold elevated. For MCX, gold is expected to stay above ₹1,44,000 per 10 grams, while silver is projected to remain at least above ₹3,03,000 per kg. Investors are recommended to take a long-term gain approach, always monitoring support and resistance levels, and avoid panic selling during market fluctuations.