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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Gold, Silver Rates Today: Gold, silver firm as Trump widens trade war | Check city-wise rates on July 14
Prices of precious metals gold and silver remained firm on Monday, July 14, 2025, supported by safe-haven demand as US President Donald Trump has widened the trade war by threatening to impose a 30 per cent tariff on imports from the European Union and Mexico. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 149 at Rs 97,967 per 10 grams against the previous close of Rs 97,818. It surged further to touch …
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Leaning Left1Leaning Right3Center5Last UpdatedBias Distribution56% Center
Bias Distribution
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56% Center
11%
C 56%
R 33%
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