Gold Price Today In India: Check Latest 22K & 24K Rates In Major Metro Cities | Savings and Investments News

International Gold Prices

Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.

Both the European Union and Mexico described the tariffs unfair and disruptive, while the E.U. said it would extend its suspension of countermeasures to US tariffs until early August and continue to press for a negotiated settlement.

Investors now await the US inflation data for June due on Tuesday for more cues on the Federal Reserve’s interest rate path. Markets are currently pricing in just over 50 basis points worth of Fed easing by December.

Gold, often considered as a safe-haven asset during economic uncertainties, tends to do well in a low-interest-rate environment.

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.