4th April 2025: Gold prices have reached a new all-time high following the announcement of new tariffs by US President Donald Trump. The recent tariff announcement has increased uncertainty in global markets, leading investors to view gold as a safe-haven asset. In the Indian market, the price of gold surpassed ₹91,000 per 10 grams, setting a historic record.
Spot gold prices rose by 0.6%, reaching $3,143.05, while US gold futures also increased by 0.6%, climbing to $3,169.50. Experts attribute the price surge to Trump’s tariff policy, which has contributed to global economic instability, concerns over inflation, and a potential downturn. As a result, gold demand has surged.
Market strategists predict that the price of gold may continue to rise due to ongoing uncertainties in the global economy. Investors are closely monitoring the impact of Trump’s policies and how they influence the financial markets.