Gold Pris on 5th Feb 2025: Gold in the domestic market is desperate to touch a level of 85 thousand in the domestic market amidst tremendous boom in the global market. Gold Benchmark April Contract Futures Market i.e. MCX on Wednesday (February 5) during business (Intrade Trading) rose by about Rs 1 thousand 84,767 Got up to a record height of rupee. On the other hand, gold 24 carats (999) in the domestic spot market on Wednesday at the end of trading 84,657 Viewed on the rupee.
Meanwhile, the US Gold Futures crossed the level of $ 2,900 an ounce for the first time in view of the increasing apprehension of trade war at global level. After imposing tariffs on each other’s imports from the US and China, there has been a tremendous uncertainty in the global economy, which has increased a tremendous increase in demand for this prized metal as a safe-han. Also, shopping and investment demands from central banks are also supported for gold prices.
Gold has upset for the last 5 weeks. Gold in the global market has increased by nearly 10 percent so far this year. Last month, gold had strengthened 7 percent. This was the biggest increase in gold prices after March 2024. According to experts, the trade war in the world may deepen in the coming days with Trump’s ‘America First’ policy, which may lead to the gathering of inflation and recession.
Domestic Futures Market
The gold benchmark on the domestic futures market MCX is currently at Rs 84,665 per 10 grams with a strength of Rs 868 (6:10 PM IST) (6:10 PM IST). Earlier, it opened at Rs 263 to Rs 84,060 at a price of Rs 84,060 today and traded between a record high of Rs 84,767 and Rs 84,018 during trading.
Gold Future (Rupees/10 gm)
Source: MCX (6:10 pm IST)
Domestic spot market
According to the Indian Bullion and Jewellers Association (IBJA), gold 24 carats (999) in the spot (attendance) market recorded a price of Rs 1,647 to Rs 84,657 per 10 grams as compared to the closing of the previous day (Tuesday) at the end of business on Wednesday. Went. At the end of the trading on Tuesday 5 February, it was seen at a price of Rs 83,010 per 10 grams.
Spot Gold (Rupees/10 gm)
Source: ibja
Global market
Both Spot Gold and US Gold Futures reached their new all time high on Wednesday in the global market. Today, during trading, spot gold went up to $ 2,877.06 an ounce and down to $ 2,839.87 an ounce. It is currently up 0.97 per cent to $ 2,869.73 an ounce. Similarly, benchmark US February Gold Futures (Gold Comex Feb′25) also remained in a range of $ 2,901.50 and $ 2,870.10 an ounce during business today. It is currently trading at $ 2,890.80 an ounce with a strength of 0.52 per cent.
International Gold (USD/OUNCE)
Source: bloomberg (6:55 PM IST)