{"id":232744,"date":"2025-02-06T00:45:26","date_gmt":"2025-02-06T00:45:26","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/06\/gold-shines-amid-turmoil-logs-new-high-at-rs-85k-10gm-the-times-of-india\/"},"modified":"2025-02-06T00:45:27","modified_gmt":"2025-02-06T00:45:27","slug":"gold-shines-amid-turmoil-logs-new-high-at-rs-85k-10gm-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/06\/gold-shines-amid-turmoil-logs-new-high-at-rs-85k-10gm-the-times-of-india\/","title":{"rendered":"Gold shines amid turmoil, logs new high at Rs 85k\/10gm &#8211; The Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/thumb\/msid-117962676,imgsize-955692,width-400,resizemode-4\/117962676.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Gold shines amid turmoil, logs new high at Rs 85k\/10gm &#8211; The Times of India\" title=\"Gold shines amid turmoil, logs new high at Rs 85k\/10gm &#8211; The Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>HYDERABAD: Gold soared to lifetime high of $2883\/ounce in the international spot market on Wednesday evening following US President Donald Trump&#8217;s tariff threats and amid <!-- -->geopolitical tensions<!-- -->. This sent the yellow metal hurtling to new highs of around Rs 85,000\/10gm (24K without import duty &amp; taxes) in local markets as the rupee plunged to a record low.<br \/>According to <!-- -->HDFC Securities<!-- -->, in Delhi markets 24K gold spot prices traded at all-time high of Rs 86,150\/10gm (excluding GST). &#8220;<!-- -->Trade war<!-- --> fears have uplifted precious metals since President Trump returned to the White House, causing a series of new highs in <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/gold-price\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">gold prices<\/a>. Investors consider gold the best hedge against Trump&#8217;s policy uncertainty,&#8221; said Saumil Gandhi of HDFC Securities.<br \/>All India Gem &amp; Jewellery Domestic Council&#8217;s Avinash Gupta said: &#8220;Whenever there is uncertainty, the safe haven value of gold goes up. Also, geopolitical tensions across the globe are not cooling down, giving gold&#8217;s safe haven value a boost.&#8221; Indian Bullion and Jewellers Association&#8217;s Surendra Mehta said these trade wars and geopolitical tensions are bound to lead to inflation, against which gold is the best hedge. He expects gold to hit $3,050\/oz and Rs 89,000-92,000\/10 gm in the next four to five months despite negative consumer sentiment as central banks and investors continue to lap up gold.<br \/>World Gold Council<!-- --> regional CEO (India) Sachin Jain said though India&#8217;s gold demand rose 5% to nearly 809 tonnes in 2024 spurred by duty cut, investment demand and festive purchases, total jewellery demand volumes fell 2% to around 563 tonnes in 2024.<\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 'paid' : 'free' ;\n                    w._sva.setVisitorTraits({\n                    toi_user_subscription_status : prime_user_status\n                        });\n                }\n         if (w._sva && w._sva.setVisitorTraits) {\n                    setAttributes();\n                } else {\n                    w.addEventListener(\"SurvicateReady\", setAttributes);\n          }\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      var isPrimeUserLayout = window.isPrimeUserLayout;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n          var JarvisUrl=\"https:\/\/jarvis.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n          window.getFromClient(JarvisUrl, function(config){\n            if (config) {\n              const allowedSectionSuricate = (isPrimeUserLayout) ? config?.allowedSurvicatePrimeSections : config?.allowedSurvicateSections\n              loadGtagEvents(config?.isGoogleCampaignActive);\n              loadFBEvents(config?.isFBCampaignActive);\n              loadSurvicateJs(allowedSectionSuricate);\n            }\n          })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/gold-shines-amid-turmoil-logs-new-high-at-rs-85k\/10gm\/articleshow\/117962517.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HYDERABAD: Gold soared to lifetime high of $2883\/ounce in the international spot market on Wednesday evening following US President Donald Trump&#8217;s tariff threats and amid geopolitical tensions. This sent the yellow metal hurtling to new highs of around Rs 85,000\/10gm (24K without import duty &amp; taxes) in local markets as the rupee plunged to a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":232745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-117962676,imgsize-955692,width-400,resizemode-4\/117962676.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[181803,289,20983,2336,20982,34600,437,273,16482,181802,14580,272,137667,18189,47670],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/232744"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=232744"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/232744\/revisions"}],"predecessor-version":[{"id":232746,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/232744\/revisions\/232746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/232745"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=232744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=232744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=232744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}