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Commodity Mid Session News

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(24 Apr 2025, 14:24)

MCX gold spikes near Rs 96K mark

Gold climbed close to $3380 per ounce in Asian trading on Thursday, rebounding after a two-day decline, as renewed US-China trade tensions revived demand for the safe-haven metal. On the domestic front, MCX June futures surged nearly Rs 1200 to Rs 95886 per 10 grams. US Treasury Secretary Scott Bessent signaled that steep tariffs must ease for trade talks to progress, though President Trump ruled out unilateral tariff cuts. Despite that, growing concerns over economic unpredictability continue to push investors away from US assets. In the physical market, gold has crossed Rs 1 lakh per 10 grams and the prices have surged by over 33% since the start of the year.
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