Gold price today: Rates crash over 1% as dollar strengthens; experts say watch these key levels for MCX Gold
Live MintGold price today: Gold rates suffered a significant loss of over one per cent in the domestic futures market on Monday morning, primarily due to the strengthening US dollar after President-elect Donald Trump signalled a potential trade war against BRICS nations, including India. "US President-Elect Donald Trump has threatened to impose 100 per cent tariffs on BRICS nations, including India, if they proceed with developing or adopting a new currency to replace the US dollar in international transactions. Experts highlight key levels for MCX Gold According to Rahul Kalantri, VP of commodities at Mehta Equities, gold has support levels at $2,622-$2,610 and resistance at $2,650-$2,664. Manoj Kumar Jain of Prithvifinmart Commodity Research said gold has support at $2,664-2,650, while resistance at $2,700-2,714 per troy ounce and silver has support at $30.80-30.55, while resistance is at $31.40-31.70 per troy ounce in today’s session.