Gold prices saw a slight decline on Monday, April 14, after reaching record highs earlier in the session. The drop followed U.S. President Donald Trump’s decision to temporarily exempt smartphones and computers from reciprocal tariffs, which alleviated investor concerns and reduced the demand for gold as a safe-haven asset. Despite this, U.S. gold futures rose 0.1% to $3,248.20 per ounce.
In India, 24-carat gold was priced at ₹94,030 per 10 grams, while 22-carat gold stood at ₹86,194 per 10 grams, according to the Indian Bullion Association’s morning data.
Tim Waterer, Chief Market Analyst at KCM Trade, stated, “The softer dollar has supported gold, but the tariff exemptions lifted market sentiment and reduced safe-haven appetite.” The White House’s move to exclude key tech products from tariffs provided temporary relief, but Trump’s comments over the weekend suggested that this reprieve may not last, adding further uncertainty to the market.
Gold prices surged past $3,200 per ounce on April 11 as U.S.-China tensions intensified. Analysts now expect continued volatility, with Goldman Sachs revising its 2025 gold price forecast to $3,700 per ounce, up from $3,300, driven by strong central bank buying and increasing ETF inflows. Traders are also pricing in about 80 basis points worth of U.S. rate cuts by late 2025, which typically benefits gold, as it offers no interest and tends to perform well when interest rates fall.
In China, gold premiums widened last week as buyers sought to hedge against trade-related risks.
Indian Market Outlook
Aksha Kamboj, Vice President of the Indian Bullion and Jewellers Association (IBJA), noted that gold prices have reached new highs in 2025, driven by global economic uncertainty, currency fluctuations, and strong demand during the festive and wedding seasons in India. Central bank purchases have also contributed to the rally.
However, Kamboj warned that after such a sharp rise, a short-term pullback is possible. She emphasized that news related to China and the U.S. should be carefully evaluated for its impact on gold prices before making new investments.
Kamboj recommended a cautious approach for Indian investors. Rather than bulk buying, she suggested staggered purchases or systematic investment plans (SIPs). While the long-term outlook remains positive, she advised that current price levels may be too high for lump-sum buying.
Related topics:
- India Surpasses China in Gold Purchases, Buying 51% More in Three Months
- Qilu Bank Enhances Support for Small Businesses with Innovative Financial Tools
- Bitcoin Poised for a Surge Amid Gold’s Delivery Delays, Expert Claims
