Gold Prices Today: April 4, 2025

Gold prices have experienced a decline in the domestic futures market. As of April 4, the MCX Gold for June 5 contracts is down by 0.59%, trading at ₹89,524 per 10 grams. This drop is attributed to fluctuations in the dollar index and weak demand in the spot market.

Key Market Influences

The recent fluctuations in gold prices were also influenced by geopolitical events. Following U.S. President Donald Trump’s announcement of reciprocal tariffs impacting over 180 countries, global markets faced significant volatility. The tariffs included a baseline 10% tariff on all imports to the U.S., which led to a selloff in equities as well as safe-haven assets like gold, resulting in gold prices hitting a week-low.

Despite President Trump’s exemption of precious metals from these tariffs, the broader negative sentiment across financial markets has placed downward pressure on gold bullion.

Mixed Signals for Bullion Investors

Investors are currently navigating mixed signals: while general economic uncertainty often boosts gold demand, the threat of higher inflation due to tariffs raises concerns. Moreover, if inflation remains high, the U.S. Federal Reserve might refrain from cutting interest rates, which could further impact gold prices negatively.

Support and Resistance Levels

Market analysts have outlined key support and resistance levels for both gold and silver:

• Gold (in USD):
  • Support: $3,072 – $3,040
  • Resistance: $3,112 – $3,135
• Silver (in USD):
  • Support: $31.28 – $31.00
  • Resistance: $32.00 – $32.22

In INR terms:

• Gold:
  • Support: ₹89,960 – ₹89,350
  • Resistance: ₹90,710 – ₹90,990
• Silver:
  • Support: ₹93,600 – ₹92,550
  • Resistance: ₹95,200 – ₹95,950

Future Volatility

Market experts anticipate that gold and silver prices may continue to exhibit volatility in the forthcoming days, mainly due to ongoing fluctuations in the dollar index and developments related to the global trade situation. Before making new investments, it may be prudent for investors to wait for a more stable market environment.

Note: Investors are encouraged to consult certified analysts before making investment decisions as market conditions can change swiftly.