Gold rate today, April 22 -- Amid rising tension between US President Donald Trump and the US Fed chief Jerome Powell over the US Fed rate cut, MCX gold rate hit a new peak of Rs.99,178 per 10 gm during morning deals on Tuesday. After climbing to this new peak, the MCX gold rate is less than Rs.1,000 away from hitting a new landmark price of Rs.1 lakh per 10 gm.

Weakness in the US dollar rates also supported the big upside opening of the yellow metal on the Multi Commodity Exchange (MCX). Gold futures contract on MCX for June 2025 expiry opened with an upside gap at Rs.98,753 per 10 gm and touched an intraday high of Rs.99,178 per 10 gm within a few minutes of the Opening Bell.

The spot gold price oscillates around $3,482 per ounce, whi...