Donald Trump makes Big statement amid market turmoil, says No tariff to be imposed on..., US President now plans to...
Amid the turmoil in the bullion market, gold prices had been witnessing a sharp surge. However, after Donald Trump's statement, a decline in gold prices is being observed. On Friday, gold prices had reached a record high. Gold Prices:
Snapping a five-day rally, gold prices retreated from record high levels and ended Rs 900 lower at Rs 1,02,520 per 10 grams in the national capital on Monday as stockists turned to selling amid easing geopolitical tensions.
According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had climbed Rs 800 to hit a record peak of Rs 1,03,420 per 10 grams on Friday. Gold of 99.5 per cent purity, which also reached the peak of Rs 1,03,000 per 10 grams in the preceding session, declined Rs 900 to Rs 1,02,100 per 10 grams (inclusive of all taxes) on Monday.
In the five sessions until Friday, the yellow metal prices increased by Rs 5,800 per 10 grams. 'Gold resumes trading on a weaker note as the upbeat market mood diminishes demand for traditional safe-haven assets.
'Additionally, a de-escalation in geopolitical tensions, as President Donald Trump agreed to meet Russian President Vladimir Putin in Alaska, later this week to discuss peace efforts surrounding the Russia-Ukraine conflict,' Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
21 minutes ago
- Time of India
Trump's peace offer to Putin on Ukraine war leaked while threatening deadly consequences if there's no peace
U.S. President Donald Trump plans to host Russian President Vladimir Putin in Alaska on August 15, 2025, negotiations aiming at securing peace in the Ukraine war. But according to leaked reports, the peace proposal could involve crucial territorial concessions — and Trump has privately cautioned of 'serious consequences' if the talks fail. Tired of too many ads? Remove Ads Alaska as Host: A Symbolic and Strategic Choice Tired of too many ads? Remove Ads A Peace Deal or a Concession? Global Reactions: Unease in Europe, Silence in Asia Will It Lead to Peace or Provoke More Conflict? Tired of too many ads? Remove Ads FAQs: U.S. President Donald Trump is all set to host Russian President Vladimir Putin at a controversial summit in Alaska on August 15, 2025, focusing on negotiating an ending to the ongoing war in Ukraine. Leaked Reports show that Trump has privately cautioned Putin to accept the peace terms or face 'serious and immediate consequences.' Although no information has been revealed, the statement is regarded as a high-stakes strategy to force Moscow into accepting the to insiders, the proposal suggests that Russia would retain control over four occupied Ukrainian regions: Donetsk, Luhansk, Zaporizhzhia, and Kherson. In return, Moscow would commit to halting all offensive operations and demilitarizing certain contested zones. While the arrangement has been framed as a practical step toward ending the bloodshed, critics warn it could embolden future territorial upcoming summit will take place remotely in a military base near Anchorage, far from Washington, D.C. According to insiders, Alaska was chosen due to its geographical proximity to Russia and a degree of neutrality in international affairs. It also allows the U.S. to avoid potential complications tied to international legal mechanisms such as the International Criminal Court, which has issued an arrest warrant for measures have been significantly tightened, and the event is being said as one of the most sensitive diplomatic meetings in recent years. While the Biden administration has remained in public silence, it has reportedly raised internal concerns about the legitimacy and legality of the summit, especially if it includes territorial concessions without Ukraine's indicate that Trump is considering the idea of a territorial trade to bring an end to the conflict . Under this rumored deal, Russia would maintain control over several occupied territories in eastern Ukraine, including Donetsk, Luhansk, Zaporizhzhia, and Kherson in return for a full ceasefire and possible demilitarization of specific a recent Fox News appearance, Trump described the arrangement as a 'win-win' stating 'Everyone gets something. Most importantly, the dying stops,' he Ukrainian President Volodymyr Zelenskyy has sharply criticized, calling any agreement that excludes Ukraine 'illegitimate.' He stressed that no foreign power can decide Ukraine's future and cautioned that appeasing aggression would set a dangerous global Europe leaders have expressed strong reservations. NATO officials have cautioned that any agreement rewarding territorial aggression could undermine the entire continent. Germany, France, and the U.K. have jointly highlighted that Ukraine must be directly involved in any peace contrast, China and India have remained mostly silent, signaling their characteristically guarded approach when it comes to high-profile geopolitical disputes involving Western powers and the high-stakes summit approaches,uncertainty hangs in the air. The central question remains: will Trump and Putin reach an agreement that halts the bloodshed or will the event further rift the international community?It is evident that the summit is not just about Ukraine. At its core, It's about the role of American leadership in global conflict resolution and whether diplomacy can still thrive in an era defined by nationalism, military strategies, and competing eyes will be on Alaska—not just for peace, but for precedent that this meeting could set for future geopolitics..A1. It's a planned meeting to discuss a possible peace deal to end the war in Ukraine.A2. The summit is scheduled for August 15, 2025
Time of India
21 minutes ago
- Time of India
Putin ‘begged' Trump for meeting? US State Dept drops bombshell on Russian Prez's surprising request
Ahead of the Alaska summit, the US State Department has claimed that Russian President Vladimir Putin was the one who personally requested a meeting with US President Donald Trump.
&w=3840&q=100)
Business Standard
21 minutes ago
- Business Standard
Kolkata port signs ₹343.58 crore deal for Haldia berth mechanisation
The Syama Prasad Mookerjee Port, Kolkata (SMPK) on Thursday awarded a Rs 343.58 crore public-private partnership (PPP) project to Ganges Bulk Terminal Pvt. Ltd. (GBTPL) for the mechanisation of berth No. 5 at Haldia Dock Complex, aiming to improve cargo handling efficiency, officials said. The project, to be implemented on a Design, Build, Finance, Operate and Transfer (DBFOT) basis, will equip the berth to handle 5 million metric tonnes of dry bulk cargo annually, they added. It is targeted for completion by December 2027, SMPK said in a statement. GBTPL will invest Rs 343.58 crore, while the government will provide Rs 22.30 crore through internal and extra budgetary resources, the riverine port said. SMPK chairman Rathendra Raman said it will improve operational capabilities, and strengthen eastern India's role in maritime trade. According to port authorities, the mechanisation will reduce vessel turnaround time, increase throughput, and deliver long-term economic benefits for the region's port sector.
