In the international market, gold prices surged following President Donald Trump’s decision to raise tariffs on Chinese imports to 125%.
Gold Prices Rise, Silver Falls on Thursday, Global Market-Gold Surges Amid Tariff Hike, Latest News: Gold prices in India rose slightly on Thursday, while silver prices witnessed a marginal decline. According to GoodReturns, the price of 24-carat gold increased by 10 rupees to 90,450 rupees per 10 grams, while silver dropped by 100 rupees to 92,900 rupees per kilogram.
The price of 22-carat gold also rose by 10 rupees, reaching 82,910 rupees per 10 grams. In Mumbai, Kolkata, and Chennai, the price of 24-carat gold stood at 90,450 rupees per 10 grams, whereas in Delhi, it was slightly higher at 90,600 rupees.
Similarly, the price of 22-carat gold was consistent across Mumbai, Kolkata, Bengaluru, Chennai, and Hyderabad at 82,910 rupees per 10 grams. In Delhi, the same was priced slightly higher at 83,060 rupees.
As for silver, the price stood at 92,900 rupees per kilogram in Delhi, Kolkata, and Mumbai. However, in Chennai, silver was priced significantly higher at 1,01,900 rupees per kilogram.
Global Market Update, Gold Surges Amid Tariff Hike
In the international market, gold prices surged following President Donald Trump’s decision to raise tariffs on Chinese imports from 104% to 125%, intensifying the ongoing trade tensions between the two countries.
Spot gold climbed over 1%, reaching 3,129.33 US dollars per ounce—its highest level since October 2023. This translates to approximately 2,69,760 rupees per ounce, based on the current exchange rate of 1 USD = 86.208 rupees.
Meanwhile, U.S. gold futures rose by 2.2% to 3,145.80 dollars per ounce, or roughly 2,71,180 rupees, indicating strong investor demand for safe-haven assets amid escalating uncertainty.
Silver also edged higher by 0.6%, trading at 31.21 dollars per ounce—around 2,689 rupees per 10 grams—driven by the same market sentiments.
The hike in tariffs has sparked concerns about economic stability, prompting investors to shift towards traditionally safer assets like gold and silver. Additionally, minutes from the Federal Reserve’s recent meeting highlighted worries about rising inflation and slowing economic growth, both of which further boosted gold’s appeal as a hedge against volatility.
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