Gold Pries on 31th Jan 2025: Gold broke all records on both domestic and global market on Friday (31 January). The gold benchmark went up to a record height of Rs 82,415 during trading today on the April contract futures market i.e. MCX. At the same time, gold in the domestic spot market has crossed the level of 82 thousand today. In early trade, it was recorded at a record height of Rs 82,165.
Meanwhile, gold prices demolished all the old records in the global market on Friday. Spot Gold and US Benchmark Gold Futures reached a new peak of 2,800.96 and $ 2,859.50 an ounce respectively. This is the first month since March 2024 when gold in the global market has strengthened more than 6 percent. At the same time, this is the 5th consecutive week when gold has shown strength.
According to experts, after the latest statement about the tariff of Donald Trump, the possibility of a trade war at the global level has deepened, causing a tremendous bounce in the demand for this prized metal as a safe-hat. Is. Also, the purchase and investment demand from central banks has also helped to bring gold to a new height. In his statement on Thursday, Donald Trump said that his government would impose 25 % duty on imports from Mexico and Canada. Not only this, Trump has also talked about imposing tariffs on imports from China.
domestic Futures market
The February contract of gold on the domestic futures market MCX (MCX) is currently at Rs 82,273 per 10 grams (2:00 PM IST) at Rs 82,273 per 10 grams. Earlier, it opened at Rs 155 to Rs 82,199 at a price of Rs 82,199 today and traded between high and 82,165 of Rs 82,415 during trading. Near Month February contract was also recorded at the highest level of 82,210 during trading today.
Gold Future (Rupees/10 Gm)
Source: MCX (2:00 pm IST)
domestic Spot market
According to the Indian Bullion and Jewellers Association (IBJA), gold 24 carats (999) in the spot (attendance) market recorded a record of Rs 862 to Rs 82,165 per 10 grams in early trade on Friday (999) on the previous day (Thursday). Went. On Thursday 30 January, at the end of the trading, it was seen at a price of Rs 81,303 per 10 grams.
Spot Gold (Rupees/10 Gm)
Source: ibja
Global market
Gold in the global market is currently more or less stable in the global market after record breaking boom. Today, during trading, spot gold went up to $ 2,800.96 an ounce and down to $ 2,792.22 an ounce. It is currently at $ 2,793.03 an ounce with a slight softness of 0.04 per cent. Similarly, benchmark US February Gold Futures (Gold Comex Feb′25) also remained in a range of $ 2,859.50 and $ 2,843.70 an ounce during business today. It is currently trading at $ 2,845.50 an ounce with a mild strength of 0.01 per cent. Earlier on 31 October, Spot Gold and US Gold Future reached a record high of 2,790.15 and 2,801.80 an ounce respectively.
International Gold (USD/OXE)
Source: bloomberg (2:00 PM IST)