If you are also preparing to buy gold in Akshaya Tritiya, then this news can give you a shock. In fact, gold in the domestic futures market has reached a new life time high record of Rs 94,573 per 10 grams in the domestic futures market between US President Donald Trump’s tariff policy and weakening dollars. In early trade on Wednesday, 16 April, gold prices on MCX have increased by 1100 rupees to record high.
Gold became expensive by 1300 rupees
Gold prices on MCX showed a little softness after touching the historical level of Rs 94,573 per 10 grams. At around 9:40 am on Thursday morning, it was trading at Rs 94,475 per 10 grams with a gain of 1.13%. At the same time, by 11 o’clock these prices have become expensive by Rs 1300. On Wednesday, there was a strong jump in gold prices in international markets. The major reason for this is the increasing concern of investors about the steady prices of the dollar and the impact of the ongoing trade war on global economic development.
Gold on comex has also reached a height with rapidly. There it was seen trading at $ 3,294.60 per troy ounces with a 2% gain. In the atmosphere of economic instability and global uncertainty, investors are turning to gold as a safe alternative, which is increasing both its demand and price.
That is why the price of gold is increasing
Both India and America have recorded a decline in retail inflation, which has raised hopes of possible cuts in interest rates. This has also affected the prices of gold. The Consumer Price Index (CPI) based retail inflation in India declined to 3.34% in March 2025, the lowest since August 2019. This rate was 3.61% in February 2025, while in March last year 4.85% was recorded.