Gold Rate Today: FOMC rate decision, due tonight, will be crucial for commodities. The Fed is expected to keep the overnight Fed Fund rates unchanged at 4.25 per cent-4.50 per cent with a hawkish tilt
Indian dealers this week offered a discount of up to $39 an ounce over official domestic prices, including 6 per cent import and 3 per cent sales levies, up from a discount of $10 to $21 last week
US President Donald Trump's fluctuating trade policies - imposing and delaying tariffs on Canada and Mexico, while raising duties on Chinese goods - have roiled the global financial markets
Market focus remains on trade tensions. In his latest warning to Canada, US President Donald Trump said on Friday that reciprocal tariffs on dairy and lumber could be imminent
Gold Rate Today: Dip buying in Gold is the preferred trade as the yellow metal is expected to reach $3,000 in the coming weeks.
Gold rate today: Buy Gold on dips. Gold support is at $2900 (MCX April gold contract Rs 85,600)/ $2868 (Rs 84,700)
India's gold imports are set to tumble 85 per cent in February from year ago levels to their lowest in 20 years
Spot gold fell 1.2 per cent to $2,880.79 an ounce by 0910 GMT, its lowest since February 17. Prices hit a record peak of $2,956.15 on Monday, driven by safe-haven flows
Investors' focus was also on the US Personal Consumption Expenditures (PCE) report, the Federal Reserve's preferred inflation gauge, due on Friday
The precious metal's rally is expected to persist as safe-haven demand remains strong, with central banks worldwide continuing to accumulate gold to hedge against economic volatility
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,710
Gold's rally appears to be driven by President Trump's remarks on upcoming tariffs for autos and pharmaceuticals
With uncertainty surrounding the global economy and the broader geopolitical landscape in the Trump 2.0 era, gold is set to remain a natural beneficiary of risk-off flows and central bank buying
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,810
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 79,290
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 79,310
Spot gold prices rose by 27 per cent last year, the most since 2010, as investors chose the metal to hedge against global risks and as the US Federal Reserve slashed interest rates
China imposed tariffs on US imports in a swift response to new US duties, escalating the trade war between the world's top two economies even as Trump offered reprieves to Mexico and Canada
But alarm about U.S. import tariffs planned by President Donald Trump has driven Comex futures prices substantially above spot prices in recent months, creating a lucrative arbitrage opportunity
Snapping a two-day losing run, gold of 99.5 per cent purity also surged Rs 910 to hit a fresh peak of Rs 83,350 per 10 grams on Wednesday