International News

MCX Gold at fresh high; Trump tariffs drives gold prices to record high

Published

2 years ago

February 11, 2025

MCX Gold prices rose to a fresh record high in the morning session on Tuesday, February 11, supported by concerns over US President Donald Trump’s aggressive tariff policies. MCX Gold for April 4 contracts jumped to a record high of ₹86,360 per 10 grams. Around 11:35 AM, the yellow metal was 0.12 per cent up at ₹85,923 per 10 grams on the MCX.

International gold prices topped the key $2,900 level for the first time, driven by safe-haven demand amid heightened concerns over a trade war. Comex Gold jumped to a record high of 2,968.50 level.

Trump imposed a 25 per cent tariff on steel and aluminium imports on Monday, stoking fears of a trade war. Geopolitical uncertainty and aggressive buying by central banks have boosted gold prices of late.

Related Topics:2025 EconomicImpact GoldPrices internationalnews MCXGold

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International News

Panjshir emerald industry surges, demand drives record $6.1m in gemstone sales

For a country impoverished by years of war and burdened by international sanctions, the trade in precious minerals is a valuable resource, especially in the remote corner of northeastern Afghanistan.

Published

2 minutes ago

October 10, 2026

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The Panjshir Provincial Directorate of Mines in Afghanistan today announced record-breaking growth in its gemstone sector, driven by strong international buyer demand and increased regional extraction activities.

Following its 23rd successful public commercial auction of the year, cumulative emerald sales in Panjshir have reached nearly 400 million Afghanis ($6.12 million USD), marking a steep year-over-year increase in trade revenue. The latest auction saw close to 3,000 carats of high-grade emeralds awarded to competitive regional and international bidders.

Strong Market Fundamentals & Regional Economic Impact

The Panjshir gemstone sector continues to serve as a pivotal economic engine for the region:

Workforce Expansion: Over 15,000 workers are currently employed across artisanal and small-scale operations throughout the Panjshir Valley.
Uncapped Resource Potential: Provincial authorities have identified more than 2,000 prospective mining sites suitable for immediate modern development and investment.
Macroeconomic Contribution: Boosted by mining rights auctions and natural resource commercialization, total state revenue saw a 22 percent year-on-year surge entering Q2 2026, according to World Bank metrics.

“Panjshir emeralds are globally recognized for their exceptional purity and cut quality, securing a premium valuation across international markets,” said Ghulam Mustafa Habibi, a prominent regional gem merchant.

Strategic Strategic Partnership & Infrastructure Opportunities

To further modernize extraction and capture downstream value, local leadership is actively courting foreign direct investment and technical partnerships. Recent regulatory agreements have attracted venture capital and technical stakeholders across Asia and the Middle East to develop Afghanistan’s broader mineral portfolio.

Strategic priorities for the sector include:

In-Country Processing Infrastructure: Establishing a centralized processing and standardization hub in Kabul to refine raw gemstones prior to export.
Modernization & Modern Equipment Deployment: Transitioning operations from traditional manual extraction to industrial-grade technology to maximize yield and operational safety.
Global Market Integration: Developing direct supply pipelines to major international gem-cutting and retail hubs.