Gold Price Today: On Tuesday, January 7, gold prices saw an increase of Rs 108. The price of gold reached ₹77,266 per 10 grams in the futures market. Experts said that this increase has been seen due to new investments by market participants.
impact of international market
Gold futures in New York rose 0.19% to ₹2,641.43 an ounce. Renisha Chenani, head of research at Augmont, said that the strength of the US dollar and geopolitical circumstances have affected gold prices.
Dollar strength and impact on US policies
Renishaw said the dollar has been in a strong position since mid-August, maintaining stable support at 100 points. President Donald Trump’s policies following the US elections have boosted expectations for manufacturing and economic growth. Concerns about inflation have increased due to Trump’s tax and tariff policies. However, a stronger dollar may limit further gains in gold prices as it becomes expensive to buy in other currencies.
geopolitical factors
Drone activities between Russia and Ukraine and Israel’s air strikes on Gaza have made gold more attractive as a safe investment option. In the coming days, the market’s focus will be on US nonfarm payrolls data, which will herald US labor market data for 2025. January historically sees gold prices rise, boosted by festive season jewelery demand and new investments.
DDA: Golden opportunity to buy a cheap house in Delhi, know whether you can apply? Know the price and