Gold prices reached the sky in America-China battle, now it will be difficult to buy 1 gram

Gold Rate Today: Talking about recent times, there has been a big rise in gold prices in India, behind which the trade war between the US and China is being considered as the reason. Talking about the rate of gold today, on 19 February 2025, the price of 24 carat gold has reached Rs 86,058 per 10 grams.

Gold is getting expensive due to the fight between Trump and Jinping

Actually, US President Donald Trump has fiercely imposed tariffs on China and other countries. Trump has imposed an additional 10 per cent tariff on China, while threatening to impose thick tariffs on Mexico and Canada. In response to Trump’s tariff, China has also announced an additional 15 per cent tariffs on American goods. This has increased uncertainty in global trade and has increased the concern of trade war.

This is the reason that due to this trade war, the demand for gold has increased worldwide. Actually, people consider gold to be the most safe investment. As soon as this grade situation is created in the market, investors start investing their money in gold. Because of this, the rates of gold start increasing. This is the reason that gold prices are continuously reaching height in the Indian market.

Gold prices may increase further

Let me tell you, Goldman Sachs has increased the gold price of the gold price to $ 3,100 an ounce by the end of 2025. In addition, the demand for gold may increase further due to the purchase of Central Banks and a possible decrease in Europe. In such a situation, the trend for gold is still bullish. That is, its price can increase even more in the future.

The market of jewelery is also affecting

India’s James and Jewelery Market are also being affected regarding the global trade war. According to the report of James and Jewelery Export Promotion Council (GJEPC), India’s James and Jewelery Exports fell by 7.01 per cent in January 2025. Whereas, the imports declined by 37.83 per cent.

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