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Gold Prices Surge To Record High Amid Tariff Fears

Gold necklaces and earrings are displayed for sale at a jewelry shop in Srinagar, Jammu and Kashmir, on February 6, 2025. Gold prices soar to a record high on Monday, February 3, as investors turn to safe-haven assets following US President Donald Trump's decision to impose tariffs on Canada, Mexico, and China. The yellow metal rallies across major Indian cities due to various global and domestic factors. Meanwhile, jewelers in Kashmir Valley express concerns over the soaring prices, stating that their business is affected as customers are reluctant to buy gold at exorbitant rates. (Photo by Firdous Nazir/NurPhoto)

Photo ID	#12023637
Date Taken	6 February 2025
Location	N/A
Photographer	Firdous Nazir/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Firdous Nazir/NurPhoto

Gold necklaces earrings jewelry shop Srinagar Jammu and Kashmir gold prices record high investors safe-haven assets US President Donald Trump tariffs Canada Mexico China yellow metal Indian cities global factors domestic factors jewellers Kashmir Valley soaring prices business affected customers reluctant exorbitant rates February 06 2025 February 3 gold rally NurPhoto Firdous Nazir.