Gold Prices Hit All-Time High Amid US-China Tariff Drama: City-Wise Rates Inside

Gold prices in India continued their two-day rising trend on Saturday, April 12, 2025, as rising US-China trade tensions fueled the rally. The yellow metal has risen by ₹5,000 in two days, its third successive day of rise. This steep rise comes after US President Donald Trump unveiled a 145% duty on Chinese imports, raising the industrial superpower's stakes in its ongoing trade war and propelling safe-haven demand for gold worldwide.

 

Price Rise: On Thursday, prices of gold in India rose ₹2,940, followed by another ₹2,000 on Friday, marking a total increase of ₹5,000 over 48 hours.

 

City-Wise Gold Rates:

Silver Prices: Silver also increased by a big ₹3,000 per kilogram in Mumbai, to ₹1 lakh.

 

Drivers of the Rise:

With uncertainties all over the world looming large, experts are expecting that gold prices might stay high in the near future.

 

Sources: News18, GoodReturns, News24