MCX gold rates jump nearly 1% as dollar dips and market braces for impact of Trump-era tariffs; analysts flag ₹93,500 and ₹94,000 as key resistance levelse:
Gold Price Today | 19 May 2025 — Gold prices surged nearly 1% in early trade on Monday in the domestic futures market, driven by a softening US dollar and renewed concerns over tariff escalations linked to former US President Donald Trump’s proposed trade policies.
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On the Multi Commodity Exchange (MCX), the June 5 gold contract was trading 0.95% higher at ₹93,317 per 10 grams around 9:10 AM.
Analysts attribute the uptrend to increased safe-haven demand, as uncertainty over global trade—especially the US-China tariff standoff—resurfaces. The weakening dollar further supported gold prices, making the metal more attractive to foreign investors.
Market experts suggest traders watch for resistance at ₹93,500 and ₹94,000, while support is expected near ₹92,300 levels. Any break above these resistance levels could signal fresh bullish momentum in the short term.
Investors are also closely watching the US Federal Reserve’s commentary and geopolitical developments, which could influence gold’s next move.
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Gold price today, MCX gold rates, dollar weakness, Trump tariff fears, gold futures, commodity market, safe haven assets, MCX June contract, gold resistance levels, market trends