The prices of gold and silver have experienced significant fluctuations on Tuesday due to global tensions stemming from Donald Trump's tariff actions.
On the second trading day of the week, gold and silver prices have seen a sharp decline. Following Donald Trump's tariff threats, global tensions have increased significantly, leading to a noticeable drop in stock markets. In the recent days, the prices of gold and silver had risen sharply; however, on Tuesday, gold prices fell dramatically, dropping over ₹1300 for 10 grams compared to the previous closing price.
As the trading opened, gold prices on the Multi Commodity Exchange (MCX) plummeted. The price of gold for the April 2 expiry fell to ₹1,60,295 per 10 grams from the previous closing price of ₹1,61,598. This significant drop indicates a decrease of ₹1,303 for 10 grams of 24 K gold. Meanwhile, silver also witnessed a steep decline of over ₹2100 after starting with an upward trend, reflecting the volatile market conditions influenced by global economic factors.
Overall, the day’s trading reflected uncertainty in the precious metals market, largely influenced by geopolitical developments and recent market trends. As investors react to the ongoing economic conditions, the fluctuations in gold and silver prices highlight the combined effects of international tensions and policy announcements. Such price changes can have broad implications for investors and consumers, affecting buying decisions and market strategies moving forward.
