Mumbai: After the announcement of President Donald Trump imposing 25 percent additional duty on steel and aluminum imports in the US, gold prices reached a new height globally on the first day of the week amid fears of increasing trade war worldwide. After the rise in the global market, there was a sharp jump in gold and silver prices in the domestic market.
The price of gold in the world market has increased by $ 295 in just forty days of 2025, which will give more than 11 percent return on investment. On 1 January 2025, the price of gold per ounce was $ 2,609 and today it is seen at $ 2,905. Silver prices remained relatively stable compared to gold. The improvement in crude oil was also slow.
The domestic price of Rs 99.90 per ten grams in Mumbai market behind the global market was Rs 85,665, leaving GST, Rs 1,143 more than the last week’s closed price. The price of ten grams of Rs 99.50 was said to be Rs 85,322. Prices with GST were fixed at three percent higher. Silver. 999 per kg, except GST, increased by Rs 391 to Rs 95,533. Silver prices are going to increase by three percent due to GST.
On the other hand, the price of 99.90 gold per ten grams in Ahmedabad market increased by Rs 1,100 to Rs 88,600 per quarter from the previous bandh. The price of ten grams of gold of 99.50 kg was Rs 88,300. The price of one kilogram of silver. 999 was increased by Rs 500 to Rs 94,500 as compared to Saturday.
The price of gold per ounce in the world market rose by $ 44 to $ 2,905 and closed at $ 2,903 late in the evening. Silver was trading at $ 32.18 an ounce with a slight improvement. In addition to the trade war, in the event of a loose monetary policy, hedge funds continued to buy gold in the hope of more returns on gold. Business war can cause uncertainty in the global economy.
A dollar improvement was seen in crude oil. Naymex WTI rose $ 1 per barrel to $ 72.02, while ICE Brent crude oil closed at $ 75.69.
