Tariff Turmoil: How Trump’s Policies Could Shake Up Gold Costs

US tariffs have created a stir in the world economy. At the same time, there is a slowdown in the Indian stock markets as well. In such times, investors can turn to safe investment platforms. These include physical gold as well. However, there has been no change in the price of gold in India today.

There is no difference in the price of gold in India today on April 3. Trump said in one of his speeches that many countries can reduce their tariffs to avoid American tariffs. He further said that many countries have been charging more and more tariffs in America for a long time. I have heard that India is also planning to reduce its tariffs.

What will be the impact on gold prices in India?

Whenever the world economy has become unstable, investors have moved towards safe platforms. Even before the tariff, the price of gold has seen an increase. For the last few days, the price of 24 carat gold has reached around 90 thousand per 10 grams.

Gold Costs on Edge

After the US tariff, it is being estimated that the price of gold may increase further in the coming time. Currently, at 11.06 am, the price of gold is increasing by 0.19 percent in MCX. Currently, the price of 24 carat gold is Rs 90,000 per 10 grams.

After the imposition of tariffs by US President Donald Trump, the price of gold has also increased in the global market. According to a PTI report, the price of 24 carat gold in the global market has gone up to Rs 3117.69 per ounce (EDT)

The price of gold has registered a record high. The price of 24 carat gold in dollars has reached a record high.

It has reached $3,148.88.

There may be further increase in the price of gold.