Gold Prices Hit Another Record High Amid Middle East Conflict and US Trade Tensions

“Gold crosses $3,030 per ounce globally, MCX gold hits ₹88,852 per 10g as safe-haven demand surges ahead of US Fed meeting.”

March 19, 2025 | Mumbai

Gold prices continued their record-breaking rally, driven by geopolitical tensions, a weaker US dollar, and trade uncertainty. MCX gold surged past ₹88,852 per 10 grams, following international gold prices that hit an all-time high of $3,031 per ounce. This marks the 14th record high in 2025, fueled by concerns over the Israel-Gaza conflict, US tariffs, and economic slowdown fears.

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Key Drivers of Gold’s Rally

1. Geopolitical Uncertainty: Israel-Gaza Conflict Escalates

• Fresh Israeli airstrikes on Gaza shattered a two-month ceasefire, increasing safe-haven demand for gold.
• Heightened military activity in Yemen and the Red Sea further boosted risk aversion among investors.

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2. US Tariff War and Economic Concerns

• President Donald Trump’s trade policies have increased economic uncertainty, pushing investors toward gold.
• The US dollar index hit a four-month low, making gold cheaper for overseas buyers.

3. Federal Reserve’s Interest Rate Decision Looms

• Investors are awaiting the Fed’s policy announcement on March 19, which could impact gold’s trajectory.
• A dovish stance could push gold toward the $3,100 mark, while a rate hike may temporarily slow down its rally.

Gold Rate Updates (March 19, 2025)

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• Spot Gold: $3,031 per ounce (+1.1%)
• US Gold Futures: $3,038 per ounce
• MCX Gold Futures: ₹88,852 per 10 grams
• MCX Silver Futures: ₹1,01,443 per kg

Analyst Predictions: ₹1 Lakh Gold Soon?

• For MCX gold to hit ₹1,00,000 per 10g, international prices must cross $3,300 per ounce and USD/INR must hit 89.
• Analysts believe this scenario is unlikely in 2025, but sustained global turmoil could accelerate the rise.

Outlook: Will Gold Continue to Rise?

• If geopolitical tensions worsen or the Fed hints at rate cuts, gold may test new highs above $3,100.
• Any de-escalation in global conflicts or stronger US economic data could limit gold’s upward movement.

With investors flocking to safe-haven assets, gold remains one of the best-performing investments of 2025, up 15% year-to-date.

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#GoldPrices, #GoldRateToday, #MCXGold, #SafeHavenAsset, #USFed, #MiddleEastConflict, #TradeWar, #TrumpTariffs, #GoldInvesting, #MarketUpdate