On April 16, 2025, Gold prices continued their gaining streak, reaching a new all-time high. At 09:51 IST, Spot gold prices soared 1.76% to $3,278.89, making it a new record high.
In the domestic market, gold futures also hit a historic peak. MCX Gold prices surged past ₹94,573 per 10 grams on Wednesday morning, climbing more than ₹1,000, or over 1%, in early trade. The rally was supported by the softer dollar and ongoing concerns about U.S. trade policies. Following the record high, MCX Gold prices saw a slight pullback, trading 1.13% higher at ₹94,475 per 10 grams around 9:40 AM.
The surge in gold prices has been fuelled by strong safe-haven demand amid uncertainty surrounding U.S. President Donald Trump’s tariff strategies, a weakening U.S. Dollar (USD), and expectations of further monetary easing by the Federal Reserve (Fed).
Rising economic uncertainty has increased the demand for safe-haven assets like gold, pushing prices higher. The U.S. Dollar Index dropped by around 0.5%, making gold—priced in USD—more affordable for buyers using other currencies, thereby boosting demand.
Additionally, expectations of interest rate cuts are supporting gold’s upward trajectory. These hopes were strengthened by a significant drop in inflation in both India and the U.S.
In India, retail inflation based on the Consumer Price Index (CPI) eased to 3.34% year-on-year in March 2025, marking the lowest level since August 2019.
The rising gold prices reflects the investors’ increased confidence amid the rising economic uncertainty. Also, a weakening U.S. Dollar (USD), and expectations of further monetary easing by the Federal Reserve (Fed) propelling gold prices.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 16, 2025, 10:02 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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