Gold Rates Today Under Pressure after Rising 2% Last Week. Is it a right time to buy gold?

Gold Rate Today: Gold prices rose slightly in the domestic futures market on tuesday morning, supported by upbeat global trends and a weaker us dollar. Ateround 9:10 AM, McX Gold June 5 Contracts WERE TRADING 0.08% Higher at 96,018 per 10 grams.

On Monday, The McX Gold June 5 was trading lower 0.73 per cent at 95,721 per 10 grams.

Gold pris has been consolidating recently as fears of a trade war diminish and geopolitical tensions Lessen. Nonetheless, Concerns about a growing us fiscal deficit following

Gold pris on the mcx climbed 2 per cent last week, driven by a weaker dollar and growing worms about the us debt crisis.

Gold was steady at the start of the week on the back of us and uk markets being shut, however the metal in the metal in the early morning trade has Inched Lower. Discussions with Trump Administration Officials, With Both Parties Targeting a July 9 Deadline for a Trade Agreement. TRUMP’s Decision to Delay a Proposed 50% Tarifone Iurope Immediate concerns Consumer Confidence Data, “Said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.

Should You ‘Buy on Dips’ or Wait for more correction?

Gold Saw Profit Booking as safe-han purchasing Ezed after Us President Donald Trump Announced He Wold Postpone His Internation to Dut 50% Tarifs on Imports from the Europan Union from Rule to July.

Aksha Kamboj, Vice President, India Bullion and Jewellers Association and Executive Chairperson, Aspect Global Ventures, Said, “While UPSIDE MOMENTUM For Bullion Remiance Limited in the Short Tero Concerns Around the US Fiscal Outlook, Uncertain Over Tariff Negotiations, and Geopolitical Tensions in the Middle East Are Expected to Support Prices. Opportunity to accumulate gold as part of a diversified portfolio. “

However, Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, Believes That Gold is Expected to Remain Volatile with a Trading Range Between 94,500 and 96,750.

“Market Participants will closely monitor currency movements and Global Trade Developments for Further Cues,” Trivedi Said.

Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.