Gold price today: Gold rates jumped sharply in the domestic futures market Tuesday (July 1) morning as the dollar index hit its 52-week low, enhancing gold’s demand. Persisting uncertainty over US tariffs also supported gold prices. MCX Gold August 5 contracts traded 0.64 per cent higher at ₹96694 per 10 grams around 9:25 AM.
The dollar index hit its 52-week low of 96.61 during the session. Since gold is priced in US dollars, the weakness in US currency makes the yellow metal cheaper in overseas currencies, potentially increasing its demand.
(This is a developing story. Please check back for fresh updates.)
