Gold price outlook, April 5 -- Gold Futures on the Multi Commodity Exchange (MCX) of India tanked more than Rs.2,800 or more than 2 per cent on Friday, April 4, after China announced its 34 per cent retaliation tariff move against the United States.

Gold futures for the June 2025 contract closed at Rs.88,130 after Friday's commodity market session, where the precious yellow metal was subject to heavy profit booking amid the escalating global trade war woes.

After China's additional tariff announcement, Gold dropped 2.17 per cent to Rs.88,099 per 10 grams on Friday at 7:34 p.m. (IST), compared to Rs.90,057 at the previous commodity market close.

Global spot gold prices were also subject to 2.4 per cent losses to $3,041.11 per ounce on F...