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Gold Price Today: Rates Rise as Trump's Tariff War Boosts Safe-Haven Demand; Is It the Right Time to Buy Yellow Metal?

INDIA, JUL 14 – Gold and silver prices rose as investors sought safety amid US tariff threats and weakening currencies, with gold gaining over 3% since late June, analysts said.

  • On Monday, July 14, 2025, gold and silver prices remained firm, supported by safe-haven demand amid US President Donald Trump's 30% tariff threat.
  • In the lead-up to August 1, markets reacted to fresh tariff news, with US President Donald Trump announcing new tariffs, causing global market volatility.
  • In Chennai, 24-carat gold traded at Rs 98,320 per 10 grams, while MCX’s August 5 futures closed at Rs 97,830 per 10 grams, according to the Multi Commodity Exchange.
  • Gold climbed to a multi-week high on Monday, as rising trade tensions underpin safe-haven demand.
  • Near-Term outlook shows potential gains in the coming week driven by sagging dollar patterns, trade tariff volatility, and geopolitical events.
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ABP News broke the news in India on Sunday, July 13, 2025.
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