New Delhi, April 3 (HS): Since U.S. President Donald Trump announced reciprocal tariffs, there has been significant movement in the international gold market. Today, gold in the international market reached a new high of $3,166.96 per ounce. However, its price saw a slight decline later. Nevertheless, gold continues to trade close to its peak level.

Following the announcement of the new tariff policy in the U.S., there has been a substantial increase in the purchase of gold as a safe investment in the international market, leading this shiny metal to set a new all-time high record. It is believed that due to reciprocal tariffs and the looming threat of a recession in the U.S. economy, the demand for gold is expected to remain consistently high, which could further boost its price.

In India, the commodity exchange MCX has also shown a continuous upward trend in gold trading. Today, gold futures surged by ₹843, or 0.93%, reaching a peak of ₹91,696 per 10 grams. However, there was a slight dip in gold prices on MCX later.

Today, in the international market, spot gold, after setting an all-time high record, slipped slightly to trade at $3,150 per ounce, reflecting a rise of 0.51%. Similarly, U.S. gold futures climbed by 0.21% to reach $3,172.60 per ounce.

Experts in the commodity market say that the announcement of reciprocal tariffs by U.S. President Donald Trump has posed a risk of a trade war starting globally. This new policy from the U.S. imposes tariffs on 180 countries. The lowest tariff is set at 10 percent, while the highest, excluding China, is 49 percent. There are also concerns that this tariff policy could impact the U.S. economy itself, potentially leading to a slowdown in the American economy in the coming days.

Commodity market expert Mayank Mohan states that geopolitical tensions and fluctuations in the global economy have caused gold to consistently set new strength records worldwide. The price of gold has already increased by about 20 percent by the year 2025. Now, due to America's tariff policy, the demand for gold is expected to rise further, which could lead this precious metal to continue setting new strength records. Furthermore, as many experts are expressing concerns about a slowdown in the U.S. economy, this is also leading investors to increasingly favor gold as a safe investment. This trend may continue to drive up the price of gold.

Hindusthan Samachar / Jun Sarkar