Gold Prices Outlook: Many things are happening simultaneously at the global level, which can affect the prices of gold. Experts believe that there may be a huge increase in prices by December.

Gold Prices Outlook: US President Donald Trump has extended the deadline for the tariffs to be implemented on July 9 to August 1. Along with this, Trump has also announced to impose reciprocal tariffs on 14 countries. This means that it is clear that the demand for gold as a safe investment will continue. Experts believe that it is important to keep a close eye on the trade deal for more information on gold prices.

Trump imposed tariffs on these 14 countries 

Trump on Monday announced a 25-40 percent tariff on 14 countries including Japan and South Korea, which will come into effect from August 1, 2025. Apart from this, Trump also talked about imposing an additional 10 percent tariff on any country that joins the anti-American policies of BRICS. On Monday, in his Truth social account, Trump said that an additional 10 percent tariff will be imposed on any country that associates itself with the anti-American policies of BRICS. Trump has given this threat after the 17th summit concluded in Rio de Janeiro between July 6-7 because it is being told that along with many important issues, issues like unilateral tariff were also discussed in it. 

Trump's announcement caused a stir 

Here, after the rate fell for four days after Trump's announcement, today the price of gold rose. Today, the price of 24 carat gold on the Multi Commodity Exchange (MCX) was Rs 87,118 per 10 grams. At the same time, the price of 22 carat gold was also recorded at Rs 89,283 per 10 grams. In the bullion market too, the price of 24 carat and 22 carat gold per 10 grams was recorded at Rs 97,520 and Rs 89,393 respectively. 

China is also buying a lot of gold 

Meanwhile, China is also constantly buying gold, which can have an impact on the prices. China, the world's second largest economy, is buying gold heavily to reduce its dependence on the dollar and diversify its foreign exchange reserves. This can increase the price of gold globally. Experts also believe that by the end of 2025, gold prices can again cross Rs 1 lakh. Earlier in April, gold prices had reached a record high level.