🚨 Gold Update: Bulls Eye $3,500 Again? 📈
08 Aug 2025
07 Aug 2025
🟡 Gold Prices Climb in India Amid Global Trade Tensions
August 7, 2025 – Gold prices in India edged higher today, driven by renewed safe-haven demand following fresh global trade concerns.
According to FXStreet data, gold now trades at ₹9,527.26 per gram, up from ₹9,501.11 on Wednesday. The price per tola rose to ₹111,124.10, reflecting growing investor caution.
The surge comes after U.S. President Donald Trump announced steep new tariffs on Indian imports in response to its oil trade with Russia, further intensifying global trade tensions. Fears of a broader economic fallout have prompted investors to flock to gold.
Meanwhile, expectations for upcoming U.S. interest rate cuts and a weakening dollar have added momentum to gold’s bullish trend.
Market Watch: Investors await key U.S. jobless data and Fed speeches for fresh short-term trading cues on XAU/USD.
