Gold price today, July 11 -- Gold rates rose significantly in the domestic futures market Friday (July 11) morning, supported by concerns that an intensifying tariff war could hit global economic growth and stoke inflation as well. However, a stronger dollar capped the gains for the yellow metal. The dollar index moved up by 0.2 per cent to an intraday high of 97.88. The dollar's rise makes gold expensive in other currencies, potentially weighing on demand.

MCX Gold August 5 contracts traded 0.58 per cent higher at Rs.97,250 per 10 grams around 9:10 AM.

It appears that the global trade war triggered by US President Donald Trump's aggressive tariff policies is far from over.

Further aggravating the tussle, Trump on Thursday, 11 July, an...