Gold Pries on 27th Jan 2025 : Gold in the domestic market was seen doing business on Monday (January 27) near its new all time high. Earlier, it reached its new all -time high on both domestic spots and future markets. Gold benchmark contract was up to a record height of Rs 80,312 during trading on the MCX on 24 January on MCX. In the domestic spot market, gold was one step ahead and reached a record height of Rs 80,430. However, in the global market, it remained a little away from its highest level that day.
Meanwhile, gold was seen weak in the US Dollar Index in the global market today. If you hold gold in any other currency other than dollars, then the strength in the dollar increases its price, which reduces the demand for this commodity. However, Donald Trump’s business policies are curbing the decline in the rise in demand for this prized metal as a safe-han amidst the atmosphere of uncertainty at the global level. Trends in Son are currently strong. The purchases from Central Banks of other countries including China have also enthusiastically enthusiastically filled the investors regarding gold. After the six -month break i.e. April 2024, the central bank of China made gold purchased for the second consecutive month in December.
At present, investors are eagerly waiting for the US Federal Reserve meeting. There is a possibility in the market that the US central bank may not make any changes in interest rates in its meeting of January (28-29). There is no interest/ yield on gold, so the demand for this asset class decreases as an investment not going under the interest rates.
domestic Future market
The gold benchmark on the domestic future market MCX (MCX) is currently at Rs 80,086 per 10 grams with a firmness of Rs 60, or 0.07 per cent, (5:45 PM IST) (5:45 PM IST). Earlier, it opened at Rs 167 to Rs 79,859 on January 24 today and traded between high and Rs 79,664 of Rs 80,151. The gold benchmark February contract on the previous trading day i.e. 26 January 2025 reached a record high of Rs 80,312 per 10 grams.
Gold Future (Gold Futures/10 Gm)
Source: MCX (5:45 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 climb of Rs 49 to Rs 80,397 per 10 grams against the closing of the previous day (Friday) at the end of the business on Monday. Went. In early trade on Friday 24 January, it went up to the highest level till now by 80,430, while at the end of the business, Rs 80,348 per 10 grams were recorded.
Spot Gold (Spot Gold/10 Gm)
Source: ibja
Global market
Gold in the global market is currently weak. Today, during trading, spot gold went up to $ 2,772.61 an ounce and down to $ 2,747.37 an ounce. Currently it is 0.33 percent Softening With $ 2,762.06 an ounce. Similarly, benchmark US February Gold Futures (Gold Comex Feb′25) also remained in range of $ 2,778.10 and $ 2,752 an ounce during business today. Currently it is 0.42 percent Decline Topping at $ 2,767.10 an ounce. Earlier on 31 October, Spot Gold and US Gold Future reached a record high of 2,790.15 and 2,801.80 an ounce respectively.
International Gold (International Gold (USD/OUNCE)
Source: bloomberg (5:45 pm IST)