Gold price today: Gold rates dropped in the domestic futures market in the morning session on Monday, January 20, tracking weak global cues. The yellow metal dropped on signs of easing tensions in the Middle East. The focus was on Donald Trump’s inauguration today as investors await clarity on the new government’s policies.
gold price update
MCX Copper futures trade higher on robust Demand
Copper futures traded higher on MCX, on account of enlargement of portfolios by the participants tracking robust demand for electric vehicles and renewable energy technologies. Further, persisting supply disruptions and curtailed inventory positions also encouraged red metal buying.
Aluminium futures trade higher on positive international rates
Aluminium futures traded higher on MCX, in conjunction with positive international rates amidst weaker dollar and firm demand from industrial consumers. Besides, narrowed inventory levels and stringent supplies also triggered upward trend.
Spot silver above $30.50, expected target price $32.00——$32.35
Spot silver: If you want to invest in physical silver, you may be wondering how to get the best possible price. Although prices can vary depending on a number of factors, there are some guidelines that can help ensure you get the best possible price when it comes to buying silver.
Spot Gold Above $2645 Next Target $2700—$2718
Spot Gold Forecast: There is a lack of clear direction for gold, “The price is declining, as indicated by the two converging trend lines. Crisscross moves around the 50-DMA indicate a lack of clear direction.”
Benefits of Investing in Gold 2025
The advantage of gold investing is that traders are interested in this highly liquid asset at any stage of the market’s fluctuation. It cannot devalue like particular stocks or currencies. Inversely, gold bars, gold jewelry, gold coins, etc. prices rise during hyperinflation, developed economies’ crises, bankruptcies, wars, or pandemics. In the last century, there even existed the gold standard used for money emission.
US tariffs and strong US dollar may drag down industrial metals prices
“The US election has further complicated the outlook for the complex with a threat of tariffs on Chinese goods looming over the market. Industrial metals all fell after Trump on Monday denied a report that his team was planning weaker import tariffs than those announced during his presidential campaign. We believe that potential US tariffs and a stronger dollar could further depress industrial metals prices.”
What’s ahead for Gold in 2025?
Gold Outlook in 2025: Gold will be up against three major events in the first two months of 2025 and experts point out the likelihood of volatility. First will be Donald Trump taking charge as the US President and we have seen how DXY and bond yields have moved. The other two factors are domestic — one is the Union Budget 2025 and the other is the Reserve Bank of India (RBI) MPC under a new Governor.
Gold Prices Today : घरेलू गोल्ड फ्यूचर्स वापस ऊपर ₹ 51,000 के रूप में डॉलर कमजोर
Gold Price In India: Domestic gold futures gained on Friday to regain the ₹ 51,000 mark tracking global spot rate, which reclaimed the $1,900 per ounce level. The dollar weakened and investors hedged against uncertainties surrounding the coronavirus pandemic and the November 3 US presidential election, supporting gold rates.
Gold Price Uptrend at Risk Ahead of Third Presidential Debate?
Gold Price Update : सोने की कीमतें सितंबर के अंत में बनी एक अपेक्षाकृत तेज वृद्धि पर चढ़ रही हैं, लेकिन कीमती धातु जल्द ही सुधारात्मक पुलबैक के खतरे में हो सकती है। अमेरिकी चुनाव के संबंध में राजनीतिक अस्थिरता सोने (gold) के मुकाबले अपेक्षाकृत अनूठे कमोडिटी रखने पर छूट देते हुए हेवन-लिंक्ड ग्रीनबैक की मांग को बढ़ा सकती है।