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Gold and Silver Prices Surge: Donald Trump’s Influence and Market Trends in January 2025

Gold and Silver Prices Surge: Donald Trump’s Influence and Market Trends in January 2025

The price of gold on MCX has suddenly crossed Rs 80,000 per 10 grams. Not only gold, but silver price has also jumped. Both gold and silver are working rapidly. Gold for delivery on 5 February 2025 rose 0.48 percent to Rs 80,010 per 10 grams and silver became costlier by Rs 750 to Rs 92,006 per kg.

Gold became expensive for the fourth consecutive week

Spot gold jumped 0.7 percent to $ 2,773.57 an ounce. There has been an increase of more than 2 percent so far this week. Earlier the price rose to $ 2,777.10, the highest level since October 31. This is the fourth consecutive weekly increase in gold.

Gold became expensive due to Donald Trump’s move

There is uncertainty about US President Donald Trump’s tariff plans. His call to reduce interest rates putting pressure on the dollar has pushed the price of gold to a three-month high on Friday.

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