• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Gold Hits New All-Time High At Rs 95,435 Amid Trade War Concerns

OMMCOM NEWS by OMMCOM NEWS
April 16, 2025
in Business

New Delhi: Gold prices hit a new record high in India on Wednesday, with the yellow metal trading at Rs 95,435 per 10 grams on the Multi Commodity Exchange (MCX).

This marks a sharp jump of 1.69 per cent or Rs 1,579 during the day. The day began with gold opening at Rs 94,573 per 10 grams, and it quickly surged to the new milestone.

At the same time, gold prices also climbed to new highs in global markets. On the New York-based Commodities Exchange Inc. (COMEX), the June gold contracts reached $3,334.2 per ounce, a rise of 2.9 per cent intra-day.

This is the highest single-day gain in gold prices seen so far this week.

According to the India Bullion and Jewellers Association (IBJA), spot gold in India was trading at Rs 95,280 per 10 grams around 3:30 p.m.

Meanwhile, the global spot gold price stood at $3,304.07 per ounce, based on data from the World Gold Council.

Experts say the sharp rise in prices is being driven by fears surrounding a possible escalation in the US-China trade tensions.

US President Donald Trump threatened to impose up to 245 per cent tariff on Chinese imports, which has further increased anxiety in the markets.

Kaynat Chainwala, Assistant Vice President of Commodity Research at Kotak Securities, said that COMEX gold touched record highs because of concerns linked to the growing trade war.

She added that Trump’s latest policy moves are fueling investor nervousness globally.

Investors are now keeping a close eye on upcoming US retail sales data and a speech by Federal Reserve Chair Jerome Powell, both scheduled for Wednesday.

These events are expected to provide more clarity on future monetary policy decisions, which could influence the direction of gold prices in the coming days.

In the background, there are also reports suggesting that Trump may consider some exemptions on automobile tariffs.

He is also likely to launch national security investigations into imports of pharmaceuticals and semiconductors — further adding to market uncertainty.

(IANS)

Tags: Gold
ShareTweetSendSharePinShareSend
Previous Post

National Herald Belongs To Freedom Fighters, Not Personal Property Of Any Family: Rajasthan BJP Chief

Next Post

Mahadev Gaming App Case: ED Conducts More Raids In Multiple Locations

Related Posts

Income Tax Bill 2025
Business

Govt Withdraws Income Tax Bill 2025 From Lok Sabha, New Version To Be Tabled On Monday

August 8, 2025
Indian stock markets
Business

Indian Stock Market Ends Lower Amid US Tariff Jitters, Sensex Declines 765 Points

August 8, 2025
Business

SBI Clocks 12.5 Pc Rise In Q1 Net Profit At Rs 19,160 Crore

August 8, 2025
Business

50 Pc Tariffs By US Bad Policy Move, India Must Continue To Protect Its Farmers: SBI Report

August 8, 2025
Business

India’s Income Roadmap: Gujarat Emerges Frontrunner; MP Improves As Southern, Western States Consolidate Earnings Dominance

August 7, 2025
Business

US Tariff Hike To Impact Only 4.8 Per Cent Of India’s Total Exports

August 7, 2025
Next Post
Enforcement Directorate (ED)

Mahadev Gaming App Case: ED Conducts More Raids In Multiple Locations

Akhilesh Yadav In Odisha; Pushes For Caste Census For Social Justice

Paramita Satpathy Tripathy Becomes Principal Chief Commissioner Of Income Tax

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.