The Multi Commodity Exchange (MCX) gold price soared to an all-time high of ₹99,358 per 10 grams on April 22, 2025, driven by a confluence of global and domestic factors. This surge reflects gold’s role as a safe-haven asset amid escalating geopolitical and economic uncertainties. Below, we explore the key reasons behind this peak and provide insights into the future outlook for MCX gold prices, based on market trends, expert analyses, and recent developments.
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MCX Gold Trying To Test Prices at 76,500
Spot Gold buyers are not ready to give up yet, as they fear a change in risk sentiment if US AI giant Nvidia Inc.’s earnings report disappoints and creates a wave of risk aversion in financial markets.
Gold Price Recovers Further to Nearly $2,636 on the Fresh Escalation in the war Between Russia and Ukraine
Gold price (Yellow Metal), Silver (XAG/USD) extends its recovery for a 2nd consecutive day, trading around $2,636 in European hours on Tuesday, as Ukraine has already launched US-made ATACMS ballistic missiles into Russia, according to reports from local media RBC citing a source from the Ukrainian Armed Forces. The move has escalated fears of a nuclear war, prompting investors to flee towards safe-haven assets such as Gold.
Gold Defends Key $2,547 Support; What’s Next?
Spot Gold Price Forecast: The short-term technical outlook for Gold price remains more or less the same, with any recovery attempts likely to be short-lived as long as the 14-day Relative Strength Index (RSI) stays bearish.
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Gold Price Forecast, 28 October 2023: सोना (XAU/USD) मनोवैज्ञानिक स्तर $2,000 के उप्पर बंद होने पर कामयाब हुआ
Gold Price Forecast, 28 October 2023: सोना (XAU/USD) मनोवैज्ञानिक स्तर $2,000 के उप्पर बंद होने पर कामयाब हुआ। अब अगला लक्ष्य $2,018 और $2,042 है