Gold Prices Surge Amid Safe-Haven Demand

Gold prices experienced a significant jump on Tuesday, reaching Rs 95,950 per 10 grams, as investors sought safety following U.S. President Donald Trump's latest tariff announcements. The market is also keenly awaiting signals from the upcoming Federal Reserve policy meeting.

International Markets React: Spot gold increased by 1.4% to $3,380.92 an ounce, marking its highest since April 22. Silver futures also saw an uptick, advancing by Rs 2,125 to Rs 96,650 per kg.

Expert Insights on Gold and Silver Trends

Rahul Kalantri, VP Commodities at Mehta Equities, highlighted key support and resistance levels for gold and silver, providing traders with crucial benchmarks for their investment strategies.

Upcoming Fed Meeting in Focus

The financial world's attention is now turned towards the Federal Reserve's interest rate decision and Chair Jerome Powell's forthcoming statements, which could hint at future rate directions amidst growing economic uncertainties.

Also Read: With the world's 7th highest gold reserves, why is RBI increasing its gold purchases, and how does it benefit the Indian economy?