Gold costs right now: The Gold futures in New York jumped over its $4,000 per ounce mark for the primary time on Tuesday, 7 October 2025, as many commodity market traders search a protected place to park their funds amid the US authorities shutdown.
The Comex gold futures jumped greater than 0.79% to over $4,000 per ounce, reaching a file excessive in comparison with their earlier market shut at $3,976.30, in keeping with a report from the information company AP on Tuesday.
A shopping for sample in these valuable steel commodities suggests a heightened investor urge for food for safe-haven property and a shift in investor demand towards low-risk property, corresponding to gold, amid the uncertainty surrounding the US authorities shutdown.
What’s fueling the gold rally?
The worldwide gold costs are rallying as traders are anxious to safe their investments because the US President Donald Trump-imposed US authorities shutdown closes in on the second week after it was carried out at midnight on Wednesday, 1 October 2025.
Together with the uncertainty surrounding the US authorities shutdown, the Trump-imposed tariffs, mixed with decrease rates of interest within the US economic system, have made gold a extra enticing funding alternative in comparison with interest-bearing investments, in keeping with the company report.
“Gold is perceived by many market individuals as a safe-haven asset. However traders have to be conscious it has a volatility of 10-15%,” Giovanni Staunovo, commodity analyst at UBS International Wealth Administration, informed the information company.
MCX Gold At present
Gold futures on the Multi-Commodity Change (MCX) had been buying and selling 0.72% or ₹871 greater on Tuesday as Indian traders seemed in the direction of safe-haven property.
The MCX gold futures of the December 2025 contract had been buying and selling 0.72% greater at ₹1,21,120 per 10 grams on Tuesday, 7 October 2025, as of 11:26 p.m. (IST), in comparison with ₹1,20,249 per 10 grams, in keeping with the official knowledge.
Learn all tales by Anubhav Mukherjee
Disclaimer: This story is for academic functions solely. The views and suggestions above are these of particular person analysts or broking corporations, not Mint. We advise traders to verify with licensed specialists earlier than making any funding choices.
