Wed Feb 05 11:51:50 UTC 2025: ## Gold Prices Soar Amidst US-China Trade War
**New Delhi, India** – Gold prices have skyrocketed globally, driven by escalating trade tensions between the United States and China. Investors are flocking to gold and silver as safe haven assets, pushing prices to record highs. This surge is reflected in the Indian market, where gold prices have seen a significant increase over the past ten days.
On Wednesday, the price of 10 grams of 22-carat gold surged by ₹950 to reach ₹79,050, while 10 grams of 24-carat gold jumped ₹1,040 to ₹86,240. Silver prices also experienced a dramatic increase, rising by ₹1,000 per kilogram to ₹1,07,000.
Price variations exist across major Indian cities. While Delhi reported 10 grams of 22-carat gold at ₹79,020 and 24-carat at ₹86,390, Mumbai saw similar prices at ₹79,050 and ₹86,240 respectively. Hyderabad and Bengaluru mirrored Mumbai’s gold prices. Silver prices in Mumbai, Delhi, and Kolkata were ₹99,500 per kg, but Hyderabad and Chennai reported the higher price of ₹1,07,000 per kg. The fluctuating prices are a direct consequence of the ongoing international market instability caused by the trade war.
First Piper 