Gold price today: Gold prices climbed in the domestic futures market on Tuesday morning amid persisting uncertainty over US President Donald Trump's tariff policy, an uptick in spot market demand, and a largely stable US dollar. MCX Gold for April 4 contracts traded 0.19 per cent higher at ₹87,445 per 10 grams around 9:10 AM.

Global uncertainty stemming from Trump's tariff policies, escalating geopolitical tensions, and US Fed rate cut expectations remain the key drivers for gold prices.

However, domestic spot gold prices have been falling for five consecutive sessions. It has come down by about ₹1,000 amid a lack of fresh triggers and a stable dollar index.

Trump's tariff move is fueling uncertainty, a key driver of gold prices, which tend to rise during periods of market instability.

On Monday, Trump said not all tariffs he proposed would be imposed on April 2.

"Trump said on Monday that automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2, and some countries may get breaks," reported Reuters.

The prospect of further US Fed rate cuts is also a positive factor for gold. However, concerns remain that sticky inflation could slow the pace and magnitude of these reductions.

According to a Reuters report, the Atlanta Federal Reserve President sees the possibility of only one 25 bps rate cut this year.