Gold prices hover near record high as Trump tariff fears boost its safe haven appeal
Gold prices are hovering around a new record high as investors rushed to put their money into the safe haven asset following US President Donald Trump’s global tariff threats. Sovereign Gold Bond is issued by the Reserve Bank of India (RBI) on the government’s behalf. (Representative Image) According to Bloomberg data, bullion traded near $2,935 an ounce in the global markets after earlier hitting a fresh record high of $2,947.01. Also Read: Microsoft creates an ‘entirely new state of matter’, Satya Nadella calls it a breakthrough In India, gold traded at ₹85,879 for 10 grams on the Multi Commodity Exchange (MCX) for April 2025 futures. The high was ₹86.592. Last Tuesday, Trump pledged to impose 25% tariffs on automobile, semiconductor and pharmaceutical imports into the US. Another aspect contributing to the rising gold prices is the escalating geopolitical tensions after senior officials from the US and Russia met for a first round of talks over the war in Ukraine. Also Read: X looks to raise funds at $44 billion, same price that Elon Musk paid …
