International News

Gold prices surged to an all-time high breaching $3,300/oz

Published

2 years ago

April 17, 2025

Gold prices surged to an all-time high on Wednesday, breaching $3,300 an ounce in international spot markets for the first time as escalating U.S.-China trade tensions sent investors fleeing to traditional safe havens.

The yellow metal climbed to $3,318 per ounce in overseas trading, extending its recent rally and drawing closer to the symbolic ₹1,00,000 per 10 grams mark for 24-karat gold in India. Domestically, prices mirrored the global trend: in Delhi, gold was quoted at ₹98,100 per 10 grams by evening, while June futures on the Multi Commodity Exchange (MCX) hit a record ₹95,435.

President Trump’s directive for a probe into critical minerals added to the market anxiety, reinforcing the rush toward safe haven assets.

The sharp price escalation, however, has chilled consumer demand in India—the world’s second-largest gold market—prompting local jewelers to sell at a discount to imported prices. Gold is currently trading at a 1–2% discount to its landing cost in Indian markets.

Meanwhile, silver has trailed the gold rally. International spot prices for the white metal hovered around $32.80 per ounce Wednesday, crossing ₹1,00,000 per kilogram in Delhi, but still lagging behind gold in terms of momentum.

For now, analysts expect gold’s bullish run to persist, fueled by geopolitical uncertainty, inflation concerns, and growing investor caution.

Related Topics:2025 Gold Market internationalnews

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International News

US Midterm Elections: Gold, Silver Prices Surge As Democrats Take Control Of Congress

Democratic Win In Congress Creates Financial Support For Gold Because It Puts Downward Pressure On The U.S. Dollar and Interest Rates

Published

24 hours ago

November 5, 2026

JewelBuzz Spread The Buzz

Gold and silver prices jumped on Wednesday as election results pointed to major victories for the Democratic Party in the U.S. midterm elections.

This continues a strong trend from 2025, a year in which gold prices rose by 66% and silver prices surged by 135%.

Gold: Rose 3.4% to reach $4,073 per ounce.

Silver: Rose 5.1% to reach $52.28 per ounce.

The main driver was the outcome of the U.S. midterm elections. As votes were counted, projections showed that Democrats won control of the House of Representatives and took over several state governor positions.

Here is how other major financial markets reacted to the news:

U.S. Stocks: Rose as political uncertainty decreased.

U.S. Dollar: Fell by about 0.3%.

Treasury Yields (Interest Rates): Moved lower.

Oil Prices: Went down.

Democratic win in Congress creates financial support for gold because it puts downward pressure on the U.S. dollar and interest rates.

A divided government often leads to political arguments over government budgets, creating economic uncertainty. At the same time, global issues like the war involving Iran and a weaker U.S. dollar are competing against the Federal Reserve’s effort to raise interest rates.

In short, less government spending usually means lower long-term interest rates and a weaker dollar, which makes precious metals like gold and silver more attractive to investors.