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Gold Slips from Record Highs as Dollar Gains Ahead of Easter

Yuki by Yuki
17/04/2025
in Futures Quotes
Gold Slips from Record Highs as Dollar Gains Ahead of Easter
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Gold prices edged lower on Thursday, retreating slightly from record highs as the US Dollar showed signs of recovery amid ongoing tariff uncertainty. The pullback comes as investors locked in profits ahead of the Easter weekend, tempering the precious metal’s sharp rally.

In early Thursday trading, Comex Gold touched an all-time high of $3,358 before retreating as the US Dollar attempted a rebound heading into Good Friday. The mild correction in international markets was mirrored in India, where gold prices also dipped.

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The price of gold in India fell to ₹9,162.30 per gram, down from ₹9,195.28 on Wednesday. The decline was also reflected in the price per tola, which slipped to ₹106,863.80 from ₹107,251.90 a day earlier.

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Here are the latest gold rates in India:

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Unit Measure Gold Price (INR)
1 Gram ₹9,162.30
10 Grams ₹91,620.00
1 Tola ₹106,863.80
1 Troy Ounce ₹284,975.40

The modest pullback is seen as a natural pause following gold’s rapid ascent, with traders taking a cautious stance ahead of the holiday break. Market watchers continue to monitor global economic signals and currency fluctuations as key drivers of gold’s next move.

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What Does Gold Futures Mean?

Gold Futures Vs Gold ETFs: What Is The Difference?

Do Gold Futures Trade on Weekends?

Tags: ETFGold prices
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Copyright © 2024 Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow’s opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.