Gold rate today: Following US President Donald Trump’s tariff flair fueling the recession buzz, gold prices witnessed strong buying interest in the early morning session on Wednesday. MCX gold rate opened with an upside gap at ₹87,998 per 10 gm and touched an intraday high of ₹88,396 within a few minutes of the Opening Bell on Wednesday. In the international market, COMEX gold price extended its Tuesday’s gains and quoted around $3,021 per ounce, while spot gold price quoted $3,008 per ounce.
Gold rate today: Recession fears in focus
Speaking on the reasons fueling gold prices today, Anuj Gupta, Head—Commodity & Currency at HDFC Securities, said, “Gold prices are on an uptrend today as the escalating trade war tension between the US and China has economic recession fears. As gold is considered a safe bet in economic uncertainty, people are betting high on the yellow metal.
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