Wed May 07 00:50:00 UTC 2025: ## Gold Prices Surge Amidst Geopolitical Tensions and Tariff Concerns
**New Delhi, May 7, 2025** – Gold prices experienced a significant rally in Delhi’s markets on Tuesday, reaching ₹99,750 per 10 grams (99.9% purity), a ₹2,400 increase. This surge is attributed to a combination of geopolitical tensions and concerns over newly announced US tariffs. The All India Sarafa Association reported increased buying from jewelers. 99.5% purity gold also saw a ₹2,400 rise, settling at ₹99,300.
Chintan Mehta, CEO of Abans Financial Services, linked the rise to US President Trump’s proposed 100% tariffs on pharmaceuticals and films produced outside the US. These tariffs, Mehta explained, are escalating trade tensions and fueling anxieties about global growth, driving investors towards the safe haven of gold. Market participants are now awaiting the US Federal Reserve’s policy review on Wednesday. Silver prices also rose sharply in Delhi, increasing by ₹1,800 per kg to ₹98,500.
The international gold market mirrored this trend, with prices climbing to $3,422 per ounce, a $100 increase. Soumil Gandhi, Senior Analyst at HDFC Commodities, attributed the price increase to the weakening US dollar.
**(Note: The provided text contained numerous unrelated snippets of news and other information. This news article focuses solely on the gold price increase and its causes, as that was the most coherent and substantial piece of news within the given text.)**
First Piper 