Gold Prices In India Outlook On Jan-21: How Will 24K, 22K, 18K Prices React On Tues After Trump's Inauguration

Gold Prices In India Outlook On Jan-21: How Will 24K, 22K, 18K Prices React On Tues After Trump’s Inauguration

Gold prices in India is likely to be influenced international prices after Donald Trump’s inauguration day where he signed eight executive orders. However, concrete changes are yet to be announced especially related to US trade policy. Yesterday, 24K, 22K, and 18K gold prices climbed ahead of Trump’s inauguration with dollar index witnessing sour mood.

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Gold price today: MCX gold price ₹700 away from all-time high. Will it hit new highs amid US inflation concerns?

Gold price today: MCX gold price ₹700 away from all-time high. Will it hit new highs amid US inflation concerns?

Gold Price today: Amid US Fed rate cut buzz, MCX gold rate continued to trade sideways but managed to sustain above ₹79,000 per 10 gm mark. Gold futures contract for February 2025 expiry on Multi Commodity Exchange opened downside at ₹79,150 per 10 gm and touched an intraday low of ₹79,022. However, the precious yellow metal soon bounced back and came around ₹79,080 per 10 gm, around ₹700, away from the lifetime high of ₹79,775 per 10 gm.

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Benefits of Investing in Gold 2025

Benefits of Investing in Gold 2025

The advantage of gold investing is that traders are interested in this highly liquid asset at any stage of the market’s fluctuation. It cannot devalue like particular stocks or currencies. Inversely, gold bars, gold jewelry, gold coins, etc. prices rise during hyperinflation, developed economies’ crises, bankruptcies, wars, or pandemics. In the last century, there even existed the gold standard used for money emission.

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