Gold price today fall. Check latest gold rates

Gold prices fell about 1 per cent on Thursday as investors booked profits following a three-day rally, with markets eyeing U.S. jobs data for clues on the Federal Reserve's rate path amid rising global trade tensions, as per a report.

Spot gold, which dipped 0.5 per cent to $2,904.51 an ounce as of 1211 GMT, has gained over 10 per cent year-to-date. It hit a record high of $2,956.15 on February 24. U.S. gold futures also dropped 0.5 per cent to $2,912.10, Reuters reported.

Market focus is pinned on an escalating global trade war after the U.S. imposed 25 per cent tariffs on imports from Mexico and Canada on Tuesday along with fresh duties on Chinese goods, as per a report on Reuters.


Asian stocks rose as investors held out hope that trade tensions could ease after U.S. President Donald Trump exempted some automakers from tariffs for a month.

Investors turn to gold as a safe haven asset when geopolitical and economic uncertainties loom.

The spotlight is on Friday's non-farm payrolls report, which is expected to show a gain of 160,000 jobs for February, economists polled by Reuters said.

Meanwhile, platinum prices were flat at $964.68 per ounce.

"We look for platinum to be undersupplied by 500,000 ounces, or 6.4 per cent of demand, in 2025, keeping the metal in a deficit for a third consecutive year," UBS said in a note. "Our market deficit should further reduce the above-ground inventories below 3 million ounces and help prices to move to USD 1,100/oz this year," UBS stated.

Spot silver dipped 0.7 per cent to $32.39 an ounce and palladium shed 0.5 per cent to $937.74.

FAQs

Q1. What is price of Silver?
A1. Spot silver dipped 0.7 per cent to $32.39 an ounce and palladium shed 0.5 per cent to $937.74.

Q2. What is price of platinum?
A2. Platinum prices were flat at $964.68 per ounce.