Gold price: gold that rides upwards; Gold price in seven weeks. 9500 jump; What are the reasons?
Gold rate: Gold prices have been continuously increasing since the 47th US President to Donald Trump on December 20, 2024, as geopolitical tension, fear of business war, US President Donald Trump’s defensive policy and weak rupee Reason. After the session ended on Friday, gold prices in the international market were the eighth week and the seventh week in the domestic market. In these seven weeks, the MCX gold rate has increased from Rs 76,544 to Rs 86,020. MCX Gold increased by 1.57 percent after the price of 10 grams of gold at Rs 86,020 on Friday.
In the international market
Gold prices in the international market hit a new height of $ 2,954.94 an ounce. Since January 2025, many major elements have been contributed to the rise of gold. Tariff War recent weakness, dollar index, recent weakness in dollar index, ETFs increased and major central bank rates have caused all gold rates.
Gold Move from London Walts
However, most experts and market supervisors are ignoring gold flows from Bank of England, especially from the US to central banks around the world. JP Morgan Chase and HSBC used commercial flights to transfer physical gold from London to New York. Experts say that there has been an increase in the demand for gold in the US in view of Donald Trump’s tariff on gold exported to the US from European countries. Gold prices in America have increased compared to Europe. Gold is increasing from the central bank London Walts. In the last eight weeks, gold reserves have increased by about 20 million in NV comex walts. This triggers the London Cash Gold Contract Default Buzz.
Tariff controversy between America and Europe
Sugandha Sach Dev, the founder of SS Wealth Street, explained the reasons for the continuous increase in gold prices. “The tariff dispute between the US and Europe has created uncertainty in global trade. Gold had an impact on prices. There are concerns that the Trump government is likely to recently put tariffs on gold between import tariffs on aluminum and steel. With this estimate, demand has increased in the US, gold prices have increased. Gold prices in the US and the UK usually run together. However, due to the current price difference, major banks have invested high prices and transferred gold from London Walt to New York. Banks like JP Morgan and HSBC have shifted Sona to New York. This increased the US store after the election of President Trump. According to reports, about 2 percent of the Bank of England has left his walnuts in recent months, ”he said.
Why in London Walts?
HDFC Securities Commodity and Mudra chief Anuj Gupta explained why the central and private banks of various countries are hiding gold at the Bank of England Walt in London. “To apply tariffs on gold in Donald Trump’s market campaign, gold prices in the US are quoting more than gold in Europe. Therefore, banks are trying to use this difference in gold prices.
RBI too
India’s Reserve Bank (RBI) is not behind American banks in terms of withdrawal of gold. Anuj Gupta of HDFC Securities explained this. The Indian Central Bank RBI has sent 100 and 102 tonnes of gold from Bank of England Walts in May 2024. The total gold reserves in RBI have reached 855 tonnes and 510.5 tonnes in India.
Other reasons for increase in gold.
Trump tariff policy is not the only reason for the increase in gold prices. There are concerns over geographical political concerns, re -growth of inflation and low economic growth.
Reference: Ideas in this analysis are individual analysts or broking companies. HT Telugu V is not. We recommend investors to consult certified experts before making any investment decisions, as market conditions and personal conditions may vary rapidly.
