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

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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.

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Pandora Unveils $150 Million Mega-Factory In Vietnam

Dubbed The World’s Largest Fine-Jewelry Crafting Facility, The 7.5-Hectare Site Boasts Over 50,000 Square Meters Of Operational Space In The Vietnam-Singapore Industrial Park III.

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Pandora is officially expanding its manufacturing footprint beyond Thailand. The Danish jewelry giant has opened a $150 million, state-of-the-art production facility in Ho Chi Minh City, Viet Nam—a landmark move company leaders are calling “an important new chapter.”

Vietnam was selected for its rich jewellery-making heritage, highly skilled workforce, robust infrastructure, and welcoming business environment.

Here is a quick look at what this expansion means by the numbers:

  • World’s Largest: Dubbed the world’s largest fine-jewelry crafting facility, the 7.5-hectare site boasts over 50,000 square meters of operational space in the Vietnam-Singapore Industrial Park III.
  • Massive Output Boost: Once fully operational, the plant will produce up to 60 million pieces of jewelry per year, boosting Pandora’s overall manufacturing capacity by 50%. For context, Pandora sold 112 million pieces in 2025.
  • Global Footprint: As Pandora’s fourth factory, the site will eventually supply roughly one-third of its total global capacity, significantly mitigating the supply-chain risks of relying solely on Thai facilities.
  • Job Creation: The facility aims to hire 1,000 workers by the end of this year, eventually growing its workforce to 7,000 people.
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