On April 25, the gold market experienced a notable downturn, with the MCX Gold June 5 contract witnessing a decline of over 1% in intraday trading. This drop came on the heels of a robust gain exceeding 1% just a day earlier. As investor sentiments shifted, many opted to cash in on their profits amid diminishing worries surrounding the global tariff conflict.
Current Gold Prices
As of 1:55 PM, the June 5 gold contract was priced at ₹94,991 per 10 grams, reflecting a decrease of 0.96%. The contract had previously reached an intraday low of ₹94,950.
Significant Price Movement
To put this decline into perspective, the gold contract has seen a substantial decrease of more than ₹4,400 since it peaked at an all-time high of ₹99,358 per 10 grams on April 22. This rapid fluctuation highlights the volatility in the gold market, making it essential for investors to stay informed.
- Current Price: ₹94,991
- Intraday Low: ₹94,950
- Price Drop Since April 22: Over ₹4,400
Investor Sentiment
The easing of tensions regarding international trade tariffs has prompted many investors to reassess their positions in gold, leading to profit-taking actions. As the situation develops, it is crucial for market participants to monitor trends closely.
This is an evolving story, and we encourage you to stay updated with the latest information in the gold market.
