Gold Price in April: Gold prices have hit a new record. On April 21, 2025, MCX Gold crossed ₹95,000 per 10 grams. Spot gold also reached $3,391.62 an ounce, while US gold futures rose to $3,402.80. These jumps show an increase of 1.9% and 2.2% in just one day.
Comex Gold Futures are now at $3,407 per ounce. This means gold has gained 60% since March 2024. The rise is because of the falling US dollar, growing problems between the US and China, and worries about US government policy. These issues have made gold more attractive to investors around the world.
The US Dollar’s Impact on Gold
The US dollar is now at its lowest level in three years. When the dollar drops, gold becomes cheaper for other countries, so more people buy it. Gold is now the top choice for investors who are looking for safety in uncertain times.
Gold Prices Surge Amidst US Tariff Tensions and Global Trade Uncertainty
Markets got shocked when President Donald Trump said he wants to change how the Federal Reserve works. He also criticized its decisions. People are now worried about the Fed’s freedom to make choices. This fear has pushed more money into gold.
Factors Driving Gold Prices Higher
Many things are making gold prices go up. The US-China trade war keeps getting worse. New tariffs are increasing market stress. At the same time, central banks like the Reserve Bank of India are buying more gold. This demand helps support gold prices.
Experts believe prices could rise even more if global problems continue. But some warn the market might be too hot right now. The RSI, a tool that tracks price movement, is at 75. That means gold could face a short-term pullback.
For short-term traders, some suggest entering above ₹88,800 with a stop loss at ₹88,550, and a target of ₹89,300.
“Gold prices extended their record-breaking rally as the fresh week kicked off with strong early buying. Comex gold approached the $3,400 mark, trading near $3,395, while MCX gold surged to Rs 96,775, registering fresh all-time highs,” said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, reports Business Standard.
Want Tax-Free Income? Here’s How PPF Can Give You ₹70,000+ Per Month
He added, “The rally is being supported by escalating tariff tensions, concerns over the US economic outlook, and the looming US debt crisis. Continued buying from China, global central banks, and institutional investors has added momentum to the bullish sentiment. Technically, as long as Comex holds above $3,250 and MCX above ₹91,000, the uptrend remains intact. Any dips towards ₹93,000 in MCX may offer fresh buying opportunities. However, given the elevated levels, speculators are advised to maintain low-risk positions to manage potential volatility.”
NS Ramaswamy, Head of Commodities at Ventura, also said, “Gold prices continues to surge (Comex Futures $3407 an ounce) as US Dollar tumbles. Its more than 60% gains since March 2024. The short-term rally remains debatable beyond $3500. However, the longer term underlying bullish strength could well surpass $3500 and scale unpredictable highs. Every price correction could well see only higher lows with supports seen at $3280, $3150 and $3080.”
Long-term investors are being told to stay diversified. Keeping gold as part of the portfolio could help during uncertain times, especially with changing central bank actions and global problems.
Demand for gold ETFs is also rising. “Gold-backed ETFs experienced strong buying interest in March, with all regions contributing to the inflows. US funds led the charge with US$6 billion (67t) of net inflows, followed by Europe and Asia, each with approximately US$1 billion in net inflows. This continued buying pace in ETFs indicates a sustained investor appetite for gold as a safe-haven asset amidst prevailing uncertainties,” said Motilal Oswal in a note.
