Gold Price Today: Gold prices in the international market were strong on Tuesday, 1 July 2025. Investors are worried about the US dollar fall and a possible trade tariff. In such a situation, yellow metal has once again emerged as a safe investment option.
International level boom
Spot gold rose 0.6% to $ 3,322.55 an ounce in the Asian season, while gold futures in the US gained 0.8% to trade at $ 3,334.80 an ounce.
At the same time, 24 carats in India gold price ₹ 98,400 per 10 grams. 22 carat gold was at ₹ 90,200 and 18 carat gold at ₹ 73,800 per 10 grams.
Weak dollar became supporting factor
The US dollar index fell 0.2% to a 43 -month low. Weak dollars make the gold cheaper for other currencies, which has strengthened global demand.
The Vice President (Commodities) of Mehta Ecuviums Limited, Rahul Calvantra said, “Gold prices have been supported due to potential cuts and weakness in dollars. In addition, short covering and bargain Bing have also contributed to the fast after recent decline.”
Policy and geopolitical uncertainty
The possibility of the implementation of new tariffs in the US before the scheduled deadline of July 9 has put the market in confusion. US President Donald Trump has warned that the tariff will be increased rapidly if the trade agreements are not reached. Also, he has increased the pressure on the Federal Reserve to reduce interest rates.
India Bullion and Jewelers Association Vice President Aakrin Kamboj said, “The demand for safe investment in interest rates and geopolitical tension is increasing due to the hopes of aggressive cuts and geopolitical stress, which is seeing both stability and boom in gold.”
Technical level and market view
Technically gold can get resistance at the level of ₹ 96,480 to ₹ 96,750 and support at ₹ 95,810 to ₹ 95,580. The major support in the international market is believed to be around $ 3,285– $ 3,265 and resistance $ 3,335 – $ 3,355 per ounce. Accordingly, gold buyers can make their strategy.
What will be the front direction of gold?
Now the market is eyeing the US employment figures to be released on July 3. If there are signs of weakness in the data, the possibility of cutting interest rates from the Fed will be stronger. This can give more strength to gold prices.
Experts believe that due to strong central bank procurement and domestic demand, gold may remain a trend in the near future.
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