By News Desk 
A recent ruling by a U.S. court has sent shockwaves across global markets, triggering a significant surge in gold prices. The court’s decision favors the U.S. President, allowing the continuation of existing tariffs. This development has unsettled investors worldwide and has cast a shadow over ongoing trade talks between the United States and China.
As a result, gold prices have spiked across global markets, with noticeable impacts in India as well. After two consecutive days of decline, gold prices in Delhi rebounded sharply on Wednesday.
Gold Prices Climb in Delhi
According to the All India Sarafa Association, the price of gold in Delhi rose by ₹820, reaching ₹98,490 per 10 grams on Wednesday. Gold with 99.5% purity increased by ₹750 to ₹98,000 per 10 grams (inclusive of all taxes). However, silver prices remained unchanged at ₹1,07,100 per kg.
In the international market, spot gold climbed by $12.09 per ounce or 0.36%, reaching $3,334.69 per ounce. On the other hand, silver fell by 0.5% to $36.34 per ounce. Experts attribute the rise in gold prices to investor concerns over tariff-related uncertainties, driving demand for safe-haven assets like gold.
Why Gold Became More Expensive
Soumil Gandhi, Senior Analyst for Commodities at HDFC Securities, explained that the uncertainty stems from a ruling by a U.S. federal appeals court that permits former President Donald Trump to maintain global tariffs. This legal backing has dampened optimism that had been building around trade negotiations between the U.S. and China.
Although both nations had agreed during a two-day meeting in London to work toward easing trade tensions, the court ruling has overshadowed those positive developments.
Commodity market experts also point to ongoing geopolitical tensions—including the Russia-Ukraine war and escalating conflicts in the Middle East—as factors driving increased demand for gold as a secure investment option. Kainaat Chainwala, AVP–Commodity Research at Kotak Securities, added that market participants are now keenly awaiting the release of U.S. consumer inflation data. This data could offer deeper insight into the future direction of U.S. monetary policy.