Chris Wealth Management

Gold prices saw a positive trend with gains of ₹550 at ₹98,350 as renewed global tariff tensions kept the outlook firm. With the US imposing additional tariffs on trade partners on Euro Canada Mexico etc from US, dollar index broad weakness, and a recent weak rupee, making bullion a preferred safe-haven. Uncertainty remains elevated, driving safe-haven demand for gold. This week’s key US CPI data will be closely watched by participants. Technically, gold holds a positive bias as long as it trades within the broader range of ₹97,500–₹99,500.

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