Gold prices in India rose sharply on Wednesday, following a global market reaction to President Donald Trump’s latest tariffs, which have stoked concerns of further escalation in the ongoing US-China trade war. The new round of tariffs, which include a massive 104% levy on Chinese goods, has amplified risk aversion among investors, driving up demand for gold as a traditional safe haven asset.
In India, the price of gold mirrored the global surge, tracking its counterpart on the Comex market. As of the latest data, gold prices are climbing to INR 8,397.62 per gram, up from INR 8,301.88 on Tuesday. Meanwhile, the price for a tola of gold has also increased, reaching INR 97,944.14, compared to INR 96,831.53 the previous day.
The market’s reaction to the escalating trade tensions signals a growing uncertainty, with gold remaining a preferred choice for investors seeking stability in turbulent times.
Gold Prices in India (in INR)
1 Gram: 8,397.62
10 Grams: 83,972.23
Tola: 97,944.14
Troy Ounce: 261,194.40
Related topics:
How to Trade Gold Futures on TD Ameritrade?
