INDIA GOLD PRICE TODAY: GOLD EXTENDS RECOVERY AS US-CHINA TRADE WAR DEEPENS
INDIA GOLD PRICE TODAY: GOLD EXTENDS RECOVERY AS US-CHINA TRADE WAR DEEPENS
Gold prices in India have surged due to escalating US-China trade tensions.
On February 5, 2025, gold hit a record high of ₹85,370 per 10 grams on the Multi Commodity Exchange (MCX), marking a ₹1,370 increase from the previous day.
President Donald Trump's announcement of a 10% tariff on Chinese imports led to China's retaliatory measures, including a 15% counter-tariff on American goods.
This escalation intensified safe-haven demand for gold, propelling prices to new highs.
Trump's tariff policies resulted in significant global financial market volatility, with trillions wiped from stock and bond markets.
Analysts and world leaders have criticized the policy, warning of potential recessions, especially affecting European nations and developing economies.
In response to mounting global criticism, President Trump announced a 90-day pause on certain tariffs.
tariffs on Chinese goods were increased to 125%, contributing to ongoing market uncertainties and bolstering gold's appeal as a safe-haven asset.
