Gold Price: Due to the trade war, the demand for gold has increased worldwide. In fact, people consider gold to be the safest investment. As soon as such a situation develops in the market, investors start investing their money in gold.
Gold Rate Today: Talking about recent times, there has been a huge increase in the prices of gold in India, the reason behind which is believed to be the ongoing trade war between America and China. Talking about the rate of gold today, on February 19, 2025, the price of 24 carat gold has reached Rs 86,058 per 10 grams.
Gold is getting expensive due to the fight between Trump and Jinping
In fact, US President Donald Trump has imposed heavy tariffs on China and other countries. Trump has imposed an additional 10 percent tariff on China, while also threatening to impose heavy tariffs on Mexico and Canada. In response to Trump’s tariffs, China has also announced an additional 15 percent tariff on American goods. This has increased uncertainty in global trade and increased the concern of trade war.
This is the reason why the demand for gold has increased worldwide due to this trade war. Actually, people consider gold to be the safest investment. As soon as such a situation develops in the market, investors start investing their money in gold. Because of this, the rates of gold start increasing. This is the reason why the prices of gold are continuously reaching new heights in the Indian market as well.
Gold prices may rise further
Let us tell you, Goldman Sachs has increased the forecast of gold price to $3,100 per ounce by the end of 2025. Apart from this, the demand for gold may increase further due to the purchases of central banks and possible shortage in Europe. In such a situation, the trend for gold is still bullish. That is, its price may increase even more in the future.
The jewelry market is also being affected
India’s gems and jewellery market is also being affected by the global trade war. According to the report of the Gems and Jewellery Export Promotion Council (GJEPC), India’s gems and jewellery exports declined by 7.01 percent in January 2025. Whereas, imports declined by 37.83 percent.