Gold price today: Gold rates were lacklustre in the domestic futures market Friday (July 18) morning as easing tariff-related concerns, fading US Fed rate cut hopes, and low spot market demand weighed on the yellow metal’s safe-haven demand. MCX Gold August 5 contracts traded flat at ₹97,477 per 10 grams around 9:40 AM. However, MCX Silver September 5 contracts were up 0.31 per cent at ₹1,12,680 at that time.
Gold prices have been volatile in recent times, despite a largely stable dollar and healthy US macro prints.
The dollar index looked set to extend gains to the second straight week. A stronger dollar makes bullion more expensive for other currency holders, denting its demand.
Easing tariff-related concerns also limits gold’s gains. Experts say the markets have largely discounted a tariff war and hope for trade deals between the US and the world’s top economies, including China, India, and the European Union, in the coming weeks.
(This is a developing story. Please check back for fresh updates.)
