Gold Rate Today: Yellow metal dips to Rs 78,980/10 grams as global markets focus on Trump's policy roadmap

Gold prices connected the Multi Commodity Exchange (MCX) slipped connected Monday morning, January 20. The February futures declaration for golden dropped by 0.05 per cent to Rs 78,980.

Meanwhile, metallic March futures were marginally up by 0.19 per cent, trading astatine Rs 91,772.

Global factors interaction golden rates
Globally, spot golden firmed by 0.3 per cent to $2,711.29 per ounce by 0659 GMT, rebounding from a 0.5 per cent diminution earlier successful the session. U.S. golden futures roseate 0.1 per cent to $2,752.40 per ounce. The yellowish metallic recovered enactment arsenic the dollar softened up of Donald Trump’s inauguration arsenic the 47th U.S. President. A weaker dollar typically makes golden much charismatic to overseas buyers.

Trump inauguration and marketplace expectations
Trump’s commercialized and tariff policies are expected to power inflation, which could impact the Federal Reserve’s complaint trajectory. Analysts expect that immoderate conciliatory code from Trump regarding commercialized could trim inflationary pressures, starring to a weaker U.S. dollar and little Treasury yields. These factors whitethorn bolster golden prices.

“Gold’s safe-haven entreaty could fortify if Trump’s policies make uncertainties, particularly regarding tariffs and commercialized relations,” noted Tim Waterer, main marketplace expert astatine KCM Trade.

Goldman Sachs forecast connected golden demand
Goldman Sachs has maintained its semipermanent terms prediction for golden astatine $3,000 per ounce by mid-2026, citing cardinal slope request and expectations of less involvement complaint cuts successful 2025. The slope estimates lone a slim probability of tariffs connected golden and continues to presumption it arsenic a captious ostentation hedge.

Outlook for different precious metals
Silver gained 0.2 per cent to $30.39 per ounce globally, reflecting dependable concern demand. Palladium besides roseate 0.2 percent to $949.05, portion platinum declined by 0.4 percent to $938.93.

Gold prices are apt to stay delicate to geopolitical developments and U.S. monetary argumentation cues. Investors volition intimately show Trump’s policies and their interaction connected ostentation and involvement rates, which could power gold’s trajectory successful the coming weeks.