MCX gold record

Gold Soars to Record High on MCX as Trade Tensions and Weak Dollar Drive Safe-Haven Demand

Gold Soars to Record High on MCX as Trade Tensions and Weak Dollar Drive Safe-Haven Demand

New Delhi, April 16, 2025: Gold prices in India have reached an all-time high as global economic jitters and trade tensions between the United States and China fuel demand for safe-haven assets. On the Multi Commodity Exchange (MCX), gold surged to a record Rs 95,435 per 10 grams before settling slightly lower at Rs 95,172.Analysts attributed the steep rally to a combination of factors including a weakening U.S. dollar and fresh tariff threats from former U.S. President Donald Trump, which triggered fears of a renewed trade war. “Gold prices raced to an all-time high, driven by a weaker dollar, trade…
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