Gold at all time high after Trump tariff

New Delhi: Gold prices remain at an all-time high and the price of 10 grams of 24 carat gold has crossed Rs 91,000. According to the Indian Bullion and Jewelers Association (IBJA), the price of 24 carat gold on Thursday increased by Rs 214 to Rs 91,210 per 10 grams. Earlier, the price of 24 carat gold was Rs 90,996.
The price of 22 carat gold has increased to Rs 89,002 per 10 grams and the price of 18 carat gold has increased to Rs 73,880 per 10 grams. In contrast to gold, the price of silver has seen a decline. The price of one kg silver has fallen by Rs 2,236 to Rs 97,300 per kg. Earlier, the price of silver was Rs 99,536 per kg.
The reason for the rise in the price of gold is believed to be the increased global instability after the imposition of retaliatory tariffs by US President Donald Trump, weakness in the rupee against the dollar and the continuous purchase of gold by the central banks of the world. Gold prices are also high at the international level and it remains around $ 3,117 an ounce. At the same time, the price of silver is close to $ 32 an ounce.
Colin Shah, MD of Kama Jewellery, said that gold prices can cross the level of $ 3,200 internationally. The reason for this is the increased global instability due to the announcement of tariffs by the US. We think that global instability will continue in the coming times, which will continue to support gold prices. Since the beginning of 2025, gold has given a return of more than 20 percent so far. On January 1, the rate of 10 grams of 24 carat gold was Rs 76,162, which has now increased by Rs 15,048 to Rs 91,210 per 10 grams. During this period, silver has given a return of about 13 percent. The price of silver on January 1 was Rs 86,017 per kg, which has increased by Rs 11,283 to Rs 97,300 per kg.