Gold rate today, April 12 -- Following the escalating US-China trade war tensions and a weakening US dollar after an unexpected shift in Donald Trump's tariff policy, gold prices climbed to a new peak in domestic and international markets. MCX gold rates settled at Rs.93,887 per 10 gm after hitting a new high of Rs.93,940 per 10 gm during Friday's dealings. After ending at Rs.93,887 per 10 gm levels, the MCX gold rate registered a weekly gain of Rs.5,757 per 10 gm or 6.53% against the previous Friday's close of Rs.88,130 per 10 gm. In the international market, spot gold price touched a new peak of $3,245 per ounce and closed at $3,236.21 per ounce, logging a weekly gain of 6.41%.

The US dollar rates came under massive selling pressure la...