On the global front, spot gold to touch a record high of $ 3,318 an ounce. Later, it received some benefits to trade at $ 3,299.99 an ounce. File | Photo Credit: Reuters
On Wednesday (April 16, 2025), gold prices increased from ₹ 1,650 to hit a high level of ₹ 98,100 per 10 grams per time in the national capital amidst a global crowd to buy safe havan to start from an increased trade war.
According to the All India Sarafa Association, the precious metal of 99.9% purity ended on Tuesday (April 15, 2025 per 10 grams per 10 grams per 10 gram.)
Gold of 99.5% purity was also appreciated for ₹ 1,650, with ₹ 97,650 per 10 grams per 10,000 per 10,000 per 10,000 per 10,000 per 10,000 per 10,000 per 10,000. Additionally, silver prices rose from ₹ 1,900 to ₹ 99,400 per kg. White metal Tuesday (April 15, 2025 was closed at ₹ 97,500 per kg.)
On the global front, spot gold to touch a record high of $ 3,318 an ounce. Later, it received some benefits to trade at $ 3,299.99 an ounce.
“Gold reached a record high, which is inspired by the concerns of the trade war after the US government tightened export rules to China,” said AVP-Cocodity Research, Kotak Securities, AVP-Cocadity Research, Kotak Securities said.
President Donald Trump has announced an inquiry whether tariffs are needed on important minerals, further promoting market anxiety. On Wednesday (April 16, 2025), the US administration increased the tariff to 245%on most goods from China.
According to Chinton Mehta, Chief Executive Officer of Abans Financial Services, gold prices hit a record height as the US dollar slipped below the index 100-mark, near a three-year climb. He said that the increasing expectations of a possible interest rate cuts have increased gold, with the markets, the US Federal Reserve Chair Jerome Powell’s speech was closely seen to come to a close later.
“Federal Reserve Navigates the twin challenge to support economic development while managing tariff-powered inflation, providing strong support for the current macro environment gold.” Connecting the speed of boom, the major banks remain positive on the gold approach, citing that the procurement of the gold PTF and the Central Bank has steadily increased.
Published – 16 April, 2025 05:12 pm IST
