In a major economic shift, US President Donald Trump’s announcement of 25% tariffs on all steel and aluminum imports has triggered fears of retaliatory actions from other countries, driving investors towards safe-haven assets like gold. This surge has resulted in gold prices setting new records. On Tuesday, domestic gold prices hit new heights, with 24K gold soaring ₹390 to ₹87,060 per 10 grams in Mumbai, while 22K gold surged ₹350 to an all-time high of ₹79,800 per 10 grams. Meanwhile, spot gold saw a slight rise to $2,910 per ounce, reaching a peak of $2,939 in early Asian trading. In 2025, gold has already set 12 record highs, and the question remains: what’s next for the precious metal? Business Today TV dives deep into this gold rush with exclusive insights from Ajay Kedia, MD & Director at Kedia Advisory. He discusses the key factors driving this gold surge, his predictions for the first half of the year, and whether it’s the right time to buy. Ajay also shares his bullish outlook on silver, expecting it to double in value in the coming years. Tune in for expert analysis and valuable advice that will help you navigate the volatile financial landscape and make informed investment decisions!
Watch now to discover what’s behind the gold surge and what’s ahead for precious metals in 2025!