Gold hits record highs amid Trump’s trade war: Will prices soar even higher?

Gold hits record highs amid Trump’s trade war: Will prices soar even higher?

Gold prices surged to an all-time high, with MCX gold touching ₹91,423 per 10 grammes and spot gold reaching $3,167.57 per ounce. The rally follows US President Donald Trump’s 10 per cent baseline tariff on all imports, with higher duties on China (34 per cent), the EU (20 per cent), and Japan (24 per cent). Meanwhile, silver prices dropped, with MCX silver trading at ₹97,620 per kg

Jewellery is displayed at the Gold Souk market in Dubai, United Arab Emirates, March 14, 2025. File Image/Reuters