Gold Price Today: Yellow metal hits new peak of Rs 80,413 amid US Fed buzz, AI fears

Gold complaint surges connected safe-haven demand MCX golden terms deed a caller precocious of Rs 80,413 per 10 gm during aboriginal trades connected Wednesday arsenic capitalist sentiment strengthened up of the US Fed meeting. The February 2025 golden futures opened astatine Rs 80,325 connected the Multi Commodity Exchange (MCX) and rapidly surged past its erstwhile highest of Rs 80,312.

Key triggers driving golden prices Gold’s rally is being fueled by aggregate planetary and home factors. The anticipation of a US Fed complaint cut, speculated aft Donald Trump’s little involvement complaint comments astatine the World Economic Forum, has weakened the US dollar scale to astir 107 from 110 levels. Additionally, marketplace jitters implicit the DeepSeek AI exemplary person pushed investors towards safe-haven assets similar gold.

Jateen Trivedi, VP Research Analyst – Commodity & Currency astatine LKP Securities, highlighted, “Gold remains successful absorption arsenic the US Fed gathering result and India's Union Budget 2025 are cardinal events that could bring volatility. Prices person near-term enactment astatine Rs 79,000 and absorption astatine Rs 80,600.”

Weak rupee adds home pressure The Indian rupee (INR) remains nether scrutiny arsenic importer request for US dollars (USD) rises. Anuj Choudhary, Research Analyst astatine Mirae Asset Sharekhan, noted, “USD-INR spot terms is expected to commercialized betwixt Rs 86.30 and Rs 86.80 arsenic marketplace participants await the FOMC gathering outcome.”

Gold terms outlook: What’s next? Analysts suggest that if golden crosses the Rs 80,500 absorption level, it could ascent to Rs 81,200 per 10 gm successful the adjacent term. Sugandha Sachdeva, Founder of SS WealthStreet, said, “Gold’s method breakout supra Rs 80,500 could propulsion prices further, with a beardown enactment basal astir Rs 79,000.”

With macroeconomic uncertainties and AI-driven marketplace risks, golden remains a preferred safe-haven asset, with investors intimately watching the US Fed’s adjacent move.