13 Aug 2025: If you’re planning to buy gold, now could be a great opportunity. In the past few days, gold prices have seen a sharp drop, and the reason is a short but impactful statement by former U.S. President Donald Trump. Just by saying “No Tariff on Swiss Gold”, Trump stirred up the international market, leading to a fall of around ₹2,000 in gold prices in India.
What did Donald Trump say?
In a recent statement, Trump said, “No Tariff on Swiss Gold”, meaning no import duty will be imposed on Swiss gold. This came at a time when there was global concern over America’s tariff policy. Usually, whenever Trump talks about imposing tariffs on a country, markets become nervous, but this time, his announcement of relief on gold shifted investor sentiment.
How and why did gold prices fall?
After this announcement, global demand for gold weakened, directly impacting the Indian market. In Delhi, 24-carat gold became cheaper by more than ₹1,900 within two days.
Other factors behind the price drop:
- Reduced geopolitical tension: The fear of a trade war has temporarily eased.
- Possible interest rate cut by the Federal Reserve: This strengthened the dollar and put pressure on gold prices.
- End of tariff fears: Investors shifted focus to other asset classes.
Latest gold and silver prices (as of 12 August 2025)
| Carat | Gold Price (per 10 grams) |
|---|---|
| 24K | ₹99,549 |
| 22K | ₹91,187 |
| 18K | ₹74,662 |
| 14K | ₹58,236 |
Silver price: ₹1,13,313 per kilogram
(Compared to ₹1,15,850 per kg, a record high on 23 July)
Will gold get even cheaper?
According to market experts, there is little chance of a sharp rise in gold prices in the near term. Trump’s statement on tariffs makes it clear that there will be no new tax on Swiss gold, which could keep prices under pressure. However, if global tensions rise again, gold’s “safe haven” demand could increase, pushing prices back up. Therefore, this could be a good time for long-term investors.
Summary:
NSE’s latest report reveals a sharp rise in women investors across states, marking a significant demographic shift, while younger investors’ share in the market declines.