Gold Rate Today: In an unexpected turn, gold prices have dropped significantly in Delhi’s bullion market, offering a rare sigh of relief for buyers and investors. On Wednesday, the precious yellow metal became ₹1,050 cheaper per 10 grams, falling to ₹90,200, a big shift from Tuesday’s rate of ₹91,250. While this drop might seem like good news for those eyeing gold investments, the reasons behind it are anything but comforting.
Global Trade War Fears Fuel Uncertainty
At the heart of this price shift lies a growing concern: the escalating tension between the United States and China. With U.S. President Donald Trump announcing an increase of up to 104% in import duties on Chinese goods and China hitting back with up to 84% in retaliatory tariffs, fears of a full-blown global trade war have returned. The new tariffs are set to take effect on April 10, creating waves of worry in global financial markets.
As these tensions rise, investors are looking for safer places to park their money, and gold, long considered a reliable and secure investment, is back in focus. But interestingly, this increased attention hasn’t stopped prices from dropping, at least in India.
Falling Demand at Home, Rising Interest Abroad
In the Delhi bullion market, weak retail demand and lower stockist interest have played a key role in pulling down gold prices. Even 99.5% pure gold saw a fall of ₹1,050 and now trades at ₹89,750 per 10 grams, compared to the previous day’s ₹90,800.
On the other hand, international gold prices are seeing an upward trend. Spot gold rose by 2.08%, reaching $3,044.14 per ounce. According to market experts, fears of a global economic slowdown are pushing global investors towards gold, boosting its value in overseas markets.
Silver Shines Brighter Amid the Chaos
While gold is getting cheaper locally, silver prices are moving in the opposite direction. On Wednesday, silver became ₹500 costlier, reaching ₹93,200 per kilogram in the Delhi market. With increasing industrial demand and investor interest, silver too is gaining momentum as a trusted asset during uncertain times.
What’s Next for Investors?
Market analysts believe that the next big moves will depend heavily on upcoming events, particularly the U.S. Federal Reserve’s next meeting and new inflation data. According to Chintan Mehta, CEO of Abans Financial Services, the market is watching these developments with caution, and any policy shift could trigger further price fluctuations in both gold and silver.
The weakening U.S. dollar has also played a part in shaping current gold trends, with its decline directly affecting the demand and pricing of precious metals globally. Saumil Gandhi, Senior Analyst at HDFC Securities, noted that concerns around a global recession have already pushed international gold prices past the $3,030 mark.
Disclaimer: This article is based on current market trends and publicly available financial updates. Gold and silver prices are subject to change, and readers are advised to consult financial experts or official sources before making investment decisions.
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