Gold Price: US tariffs have shaken up the global economy, and at the same time, the Indian stock markets are experiencing a downturn. In these uncertain times, many investors are looking for safer investment options, including physical gold. However, as of today, April 3, there has been no change in gold prices in India.
United States President Donald Trump said how to limit the gold price
In the last day, the price of gold remains steady in India. In a recent speech, the United States President Donald Trump mentioned that several countries might lower their tariffs to sidestep American tariffs, noting that many have been imposing high tariffs on the U.S. for quite some time. He has also heard that India is considering reducing its tariffs.
Gold prices could climb even higher soon
Historically, when the global economy faces instability, investors tend to flock to safer assets. Even before the tariffs were announced, gold prices had been on the rise, with 24-carat gold recently hitting around Rs 90,000 for 10 grams. Following the U.S. tariffs, predictions suggest that gold prices could climb even higher soon. As of 11:06 AM, gold prices on the MCX are up by 0.19%, currently sitting at Rs 90,000 per 10 grams.
Recent gold price in the global market
After President Trump’s tariffs were implemented, gold prices have also surged in the international market. A famous news agency report indicates that the price of 24-carat gold globally has reached Rs 3,117.69 per ounce (EDT). The price of gold in dollars has hit a record high of $3,148.88. There are expectations that gold prices may continue to rise.