Mint Quick Edit | Gold’s gains: More glittery by the day?
Amid uncertainty in the global economy, gold is having a golden run. The yellow metal has hit 11 record highs already in 2025 as its safe haven appeal attracts investors globally to it.
In the global market, its price hit $2,900 per troy ounce on Monday, bringing year-to-date gains to about 11%. In the domestic market, gold prices hit ₹85,880 per 10 grams.
Also Read: Gold’s record run: Can it keep rising forever?
With war clouds hovering over West Asia and Europe, and world trade in for sharp bouts of turbulence, risk- off sentiment has sent investors and even central banks into the safety of gold. Its lasting allure given its natural scarcity and role as a store of value across the ages, makes it a preferred investment choice to tide over periods when risks can’t even be estimated.
Also Read: Mint Quick Edit | All that’s gold needn’t glitter: There’s paper gold
Investor interest has been piqued by US President Donald Trump’s tariffs that have raised the spectre of an all-out trade war globally, coupled with other upheavals his actions could plausibly cause.
Also Read: Ajit Ranade: Trump’s policies offer India a pretext to reset import tariffs
It’s part of a general flight to safety, worldwide. Another effect of this is a strengthening US dollar, pushed up by money moving into American assets. Since we import gold, its price ends to get a double boost from such times of taut nerves. And the dollar is likely to rise further.
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