Gold prices in India have risen by Rs 9,506 in seven weeks, touching Rs 86,020 per 10 grams on the MCX. Major reasons behind this rally are:
Impositions of tariffs by US President Donald Trump, trading war fears.
A weaker dollar index aiding gold's rise.
High bank and fund allocations in gold as a haven asset.
The gold price difference between the US and the UK has prompted big banks to ship gold from London to New York. On February 22, 2025, 22-carat gold in Mumbai was marked at Rs 80,240 per 10 grams, whereas silver crossed Rs 1 lakh per kg.
Source: News18