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:
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Delhi: ₹87,850 (22K), ₹95,820 (24K) for 10 grams.
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Mumbai: ₹87,700 (22K), ₹95,670 (24K) for 10 grams.
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Chennai: ₹87,700 (22K), ₹95,670 (24K) for 10 grams.
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Kolkata: ₹87,700 (22K), ₹95,670 (24K) for 10 grams.
Silver Prices: Silver also increased by a big ₹3,000 per kilogram in Mumbai, to ₹1 lakh.
Drivers of the Rise:
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The escalated trade war has triggered heightened safe-haven demand for precious metals such as gold and silver.
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Gold's unmatchable purity and its dual appeal as an investment and cultural heritage continues to draw customers irrespective of increasing prices.
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