Did gold prices fall due to Donald Trump’s statements?

US President Donald Trump has applied tariffs for gold, and then the price of gold fell to a great extent. The speed of gold exceeded 25,000 RS in 2025, but Trump’s decision suddenly reduced the gold price of gold by 1,500 RS. However, gold is still above RS 1 Lakh.

In an article in Social, Trump wrote that it would not be applied under tariffs. After the announcement, there was a sudden sharp drop in the price of gold in the international market, and its closure to USD $ 3.404,70 per ounce fell by 2.48 percent.

If we look at the change in gold prices in the domestic market, according to the Ibja.com website of the Indian bullion jewelers Association, the price of 24 carat gold on Monday was 1.00.201 RS per 10 grams, but when the transactions in the market closed, RS 1 fell below Lakh and closed in 99.957 RS.

While talking about the price of different gold carats on August 12, the price of 18 carat gold was 76,050 RS per 10 grams. 22-Karat Gold Today, 92,950 RS per 10 grams is sold. However, 24 carat gold is sold at 1.01,400 RS per 10 grams.

Last week, the US Customs officials issued a letter that should be classified as subject to tasks – one kilogram and 100 ounces (2.8 kilograms) of two standard weights. The turmoil in the bullion market appeared after a White House official would publish a new policy that announced whether the Trump administration would face import taxes last week.

According to commodity market experts, speeches from some US -fed officials will play a key role in using the price dynamics of the US dollar price and will provide some meaningful driving force for the direction of bullion prices. Meanwhile, silver prices fell from 2,000 RS to 1.12,000 RS per kilogram on Tuesday (including all taxes). He settled for 1.14,000 RS per kg on Monday.

Read | Meet the man who once worked on Google, now offers RS 302216 Crore to buy Chrome browser, job …