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Gold rate today: Following the downside pressure in the US dollar rates and trade talks not yielding any concrete results, gold prices extended their post-correction rally for yet another session during Monday morning deals. MCX gold rates today opened with an upside gap at ₹93,249 and touched an intraday high of ₹93,340 per 10 gm within a few minutes of the Opening Bell. US President Donald Trump's U-turn on the US-China tariffs and going soft on the US Fed Chairman Jerome Powell ahead of the US Fed meeting is also aiding this rally, say experts.

Speaking on the reasons fueling gold rates today, Jateen Trivedi, VP Research—Commodity & Currency at LKP Securities, said, “The lack of clarity and shifting stances from the US on ongoing trade discussions have led market participants to unwind short positions in gold, providing fresh upside momentum. With trade talks showing little concrete progress, safe-haven interest is returning gradually.”

Pointing towards the US-China tariff tension despite ease in US-China trade war, Sugandha Sachdeva, Founder of SS WealthStreet, said, "While US-China relations seem to be improving, lingering uncertainty around a comprehensive resolution suggests some continued safe-haven demand, especially in the near term. However, if trade optimism persists, the medium-term outlook for gold may face headwinds due to reduced risk premium." She said that any negotiations on tariffs between the US and other countries will provide further triggers for the gold price movement.

"Volatility is expected to remain elevated, with gold likely to trade in a broad range of ₹92,000 to ₹94,500 per 10 gm in the coming sessions," Jateen Trivedi of LKP Securities said.

“Given current market conditions, gold price is likely to remain in a consolidation phase, with near-term support at ₹91,700 and resistance around Rs.96,500 per 10 grams,” Sugandha said.

According to the information available on the India Bullions Association (IBA), here is the list of gold rates today in Delhi, Mumbai, and other Indian metro cities:

Gold rates in Delhi — ₹93,210/10 gm;

Gold rates in Mumbai — ₹93,290/10 gm;

Gold rates in Bengaluru — ₹93,440/10 gm;

Gold rates in Chennai — ₹93,640/10 gm; and

Gold rates in Kolkata — ₹93,250/10 gm.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

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