Wed Feb 05 05:30:00 UTC 2025: ## Gold Prices Surge Amidst US-China Trade Tensions

**Mumbai, India –** Gold prices experienced a significant jump today, driven by escalating trade tensions between the United States and China. Investors, seeking safe haven assets amidst market uncertainty, are flocking to gold and silver, pushing prices to new highs.

International spot gold prices rose 0.2% to $2,847.33 per ounce, briefly touching an all-time high of $2,848.94. Spot silver also saw a 0.2% increase, reaching $32.15 per ounce.

This global surge impacted Indian markets, with 24-carat gold reaching ₹8538.3 per gram (a ₹1170 increase) and 22-carat gold reaching ₹7828.3 per gram (a ₹1070 increase). While prices are up sharply today, it is important to note that over the past week, 24-carat gold prices fell 1.91%, and over the past month, they fell 6.83%. Silver prices in India saw a decrease to ₹1,01,500 per kilogram. Prices varied slightly across major cities: Delhi (₹85,383/10g for 24-carat gold), Chennai (₹85,231/10g), Mumbai (₹85,237/10g), and Kolkata (₹85,235/10g). Silver prices also fluctuated across cities, ranging from ₹1,00,800 to ₹1,08,600 per kilogram.

MCX futures showed a slight increase for gold (₹84,125/10g) and a slight decrease for silver (₹95,683/kg).

Experts suggest that continued US-China trade friction, along with US Federal Reserve policies and the dollar index, could further influence gold prices. Investors are advised to monitor market fluctuations before making any investment decisions.

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