Gold price reclaims ₹86,000 mark, inches closer to record high. Can it climb to a new peak?

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Gold price reclaims ₹86,000 mark, inches closer to record high. Can it climb to a new peak?

AIMPWA

March 4, 2025

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Gold prices reclaimed the ₹86,000 per 10 grams mark on the MCX in intraday trade on Tuesday, March 4, amid mounting concerns of a major global trade war as US President Donald Trump’s new tariffs on Canada and Mexico went effective.

MCX Gold for April 4 contract opened at ₹85399 per 10 grams and rose to the level of ₹86,243 per 10 grams, 349 points below its all-time high of 86,592 per 10 grams. Around 2:45 PM, MCX Gold for April 4 contract was 0.84 per cent up at ₹86,100 per 10 grams.

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