Gold Surges, Silver Steady: Precious Metals React to US Tariff Tensions

Gold rates in India extended their northward march on March 5, 2025, as 24-carat gold gained ₹600 per 10 grams to touch ₹87,980. The 22-carat gold also reported a huge leap by ₹550 per 10 grams to stand at ₹80,650 per 10 grams. This move is largely a response to fears among investors in case of tariffs imposed by the US, elevating market turbulence. Silver fared relatively quiet at ₹98,000 per kg. In the MCX futures market, April gold contracts were quoted at ₹85,950 and May silver futures at ₹95,155. Precious metals market continues to be affected by global economic instability and geopolitical tensions.

 

Sources: Goodreturns, Zee Business, India TV News, Upstox