The gold market cooled off to $3300 (~Rs 95000) after reaching $3500 (~Rs 99350) last week as Donald Trump signalled a potential softening of his aggressive trade stance toward China and indicated that tariff negotiations were underway.
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Gold prices have dropped by over $200 from their peak of $3509, driven by President Trump’s softened stance on firing Fed Chair Jerome Powell and optimism surrounding a U.S.-China trade deal. Positive geopolitical news, including talks between Russia and Ukraine, has also fueled risk-on sentiment, reducing gold’s appeal as a safe-haven asset. Augmont Gold expects prices to trade between $3320 and $3400 in the short term
Gold prices surged to a record high of $3504, driven by a weakened US dollar and rising tensions between President Trump and Fed Chair Jerome Powell. As Trump pushes for interest rate cuts, gold’s appeal as a safe-haven asset has skyrocketed, with a 30% increase this year. Augmont Gold highlights the potential for price corrections if gold falls below $3450, urging caution in this volatile market.
U.S. President Donald Trump announced a 90-day pause on tariffs for non-retaliating countries like India, with a reduced 10% rate, while simultaneously raising tariffs on Chinese imports to 125%. Global markets surged in response, with the Dow, Nasdaq, and S&P 500 posting major gains. Gold prices rose 3.7% globally, and India, as a non-retaliating nation, stands to benefit both strategically and economically.
Indian gem & jewellery industry, like the rest of the world, is trying to analyse the evolving global economic landscape due to the reciprocal tariff announcement by USA on countries worldwide. The Gem & Jewellery Export Promotion Council (GJEPC) though understands the U.S. administration’s intent to address trade and tariff imbalances through reciprocal tariffs, however urges the U.S. to uphold the spirit of the longstanding trade partnership between India and the United States, which has been built on mutual respect and shared economic interests
On April 3, 2025, U.S. President Donald Trump introduced a bold set of reciprocal tariffs during his “Liberation Day” rally. Under this new trade policy, a flat 10% tariff will be imposed on all imports, with additional tariffs varying based on how much each country levies on U.S. goods. This move aims to address trade imbalances and promote fairness in global commerce
As of March 25, 2025, the United States, under President Donald Trump, has implemented various tariffs on multiple countries, leading to reciprocal measures from affected nations.
Malabar Group, India’s leading business conglomerate and the parent company of Malabar Gold & Diamonds, reaffirmed its commitment to empowering young women through education by awarding scholarships worth ₹29,00,000 to over 350 deserving girl students across 30+ schools
Mia, from the house of Tanishq, one of India’s leading fine jewellery brands, strengthened its presence in Mumbai with the launch of its latest flagship store at Oberoi Mall, Goregaon. The store was launched by Mr. Sanjay Bhattacharjee, Retail Head, Mia by Tanishq. Designed to offer an immersive and elevated shopping experience, the new store reflected Mia’s commitment to making contemporary fine jewellery more accessible to the modern Indian woman
The Jewellery Conclave, organised by AKGSMA (Faction led by K. Surendran), was held in Thrissur to address key challenges in the gold jewellery industry. The event also marked a reception for the newly elected national leaders of GJC and GJEPC.
