By Admin 
Gold pris outlook: US President Donald Trump has extended the deadline of the tariff to be implemented on 9 July to 1 August. Along with this, Trump has also announced to install reciperook tariffs on 14 countries. That is, it is clear from this that the demand for gold in the form of safe investment will remain continuously. Experts believe that for more information on gold prices, it is necessary to keep an eye on the trade deal closely.
Trump tariffs these 14 countries
Trump on Monday announced the imposition of 25-40 percent tariffs on 14 countries including Japan, South Korea, which will be applicable from 1 August 2025. Apart from this, Trump also talked about imposing 10 percent of the BRICS’s anti -American policies on any country. On Monday, in his Truth Social Account, Trump said that a country connecting himself with the anti -American policies of BRICS will be put separately 10 percent tariff of 10 percent. After the 17th summit ended at Rio de Janeiro between July 6-7, Trump has threatened this as it is being told that it was also talked about issues like unilateral tariffs with many important issues.
Trump’s announcement caused a stir
Here, after this announcement of Trump, after the rate decreased by four days, gold prices jumped today. Today, 24 carat gold at the Multi Commodity Exchange (MCX) was Rs 87,118 per 10 grams. At the same time, the price of 22 carat gold was also recorded at Rs 89,283 per 10 grams. In the bullion market too, 24 carat and 22 carat gold at the rate of 10 grams were recorded at Rs 97,520 and Rs 89,393 respectively.
China is also buying gold a lot
Meanwhile, China is also continuously buying gold, which can cause effects on prices. China, the world’s second largest economy, is making fierce gold purchases to reduce dollars on dollars and diversify its foreign exchange reserves. This can increase the price of gold globally. Experts also believe that by the end of 2025, gold prices can again cross Rs 1 lakh. Earlier in April, gold prices reached a record high level.
Also read:
Gold prices will increase in December after April! The price of 10 grams can reach 1 lakh