Experts attribute the global economic uncertainty caused by tariffs imposed by the administration of the president of the United States, Donald Trump, as the main reason behind the recent increase in gold prices. In the domestic market, the psychological level of RS 1 Lakh de Oro for 10 grams, while gold prices reached a new record of $ 3,500 per ounce in the international market on Tuesday. Experts say that gold is considered an asset of “safe refuge” by investors around the world, and tend to move their investments to gold in case of economic, political or financial instability. Anuj Gutta, product head, commodities and currency, hdfc securities says, “The main Reason is Donald Trump’s Tariff Policy. We have soe that after Putting Lots of Tariffs on Different Nations, The ‘Safe Haven Bave Hased Hased Hased Hased Hased Hased Hased Hased Hased Hased Hased Hased HASED HASED HASED HASED HASED HASED HASED HASED HASED HASED HASED HASED HASED HIZHED HISED HISED HISED HISED HISED HISED US US-China Trade War, because of this, we see that many small economies and investors are considering gold as a safe asset. ” In the first four months of the current calendar year, the price of yellow metal has been reduced by about 29%, compared to the 22% growth that experienced the last year. Here are some reasons behind the spike: the global rate and the current trade war has led to an increase in the demand for gold by investors, central fund managers and banks equally. There is also an increase in gold demand through funds quoted in the Golden Stock Exchange, OTF, since these funds are attracting greater investments. Recent fluctuations in the values of the main currencies, including the US dollar and the euro, have led companies to invest in gold to cover foreign exchange assets. Gold prices have also increased in the domestic market due to the current marriage season, which generally leads to an outbreak of gold demand. American investors are also importing large amounts of gold in the international market to protect against a potentially higher rate regime once the 90 -day break announced in global tariffs imposed by the United States comes to an end. Vandana Bharati, Chief, Basic Products Research, SMC Global Securities Limited said: “Due to the fear of an increase in the rate, the United States has imported a lot of gold from China, London, from other countries. Then, you have the fandrogio, the ticket, the ticket, the findro, the fandrogio, the window, the fandrogio, the window, the window.
India is the second largest gold market in the world, after China. The demand for gold in the country in 2024 stood at almost 802 tons, compared to 761 tons in 2023. According to a report by the World Gold Council, the value of the total gold demand in India incursion by 31 percent in 2024, compared to 2023.
Posted on April 24, 2025