Gold rate today: Following the rise in crude oil prices and a strong US dollar, as Trump’s address to the nation shattered hopes of a ceasefire in the US-Iran war. In the international market, the COMEX gold rate today crashed over $100 per troy ounce, hitting an intraday low of $4,681.57/oz. Currently, the gold price in the international market is trading above $4,700 with an intraday loss of around 2.50%.
Likewise, the MCX gold rate today opened downward at ₹1,52,490 and touched an intraday low of ₹1,50,480 per 10 gm, losing over ₹3,000 within a few minutes of the Opening Bell. Currently, the gold price on the Indian bourse is trading around ₹1,50,750 per 10 gm level, logging an intraday loss of around ₹3,000 per 10 gm.
Trump’s address to the nation
Connecting the gold price fall to Trump’s speech, Anuj Gupta, a SEBI-registered market expert, said that Donald Trump’s address to the nation on Iran has shattered hopes of a ceasefire in the US-Iran war. He said the US president’s vow to hit hard against Iran in the next few weeks has escalated tensions in the Middle East and renewed inflation fears.
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