Gold Import Tariff USA: Gold prices have broken all records this year. Gold has crossed 1 lakh due to new tariffs, dollar strength and global instability on the US gold bar. Know how expensive gold has become in 2025 so far?
Gold Price Trend: If you are planning to buy Rakshabandhan or in the coming time, then wait. Now the price of gold has crossed the price of 1 lakh, due to which there is a stir in the market. The biggest reason for increasing the price of gold is a huge tariff on the gold import of the US, which has shocked the Global Gold Supply Chain. This has not only made gold expensive in the US, but its prices in India have gained momentum. On 8 August 2025, gold reached Rs 1.02 lakh per 10 grams on MCX, which is the highest level ever. Let us know why America imposed tariffs, what will be the effect on India and your wallet, how far can prices go in the coming days, and at this time you should buy, sell gold or not?
What is happening in the gold market?
In the year 2025, there has been a tremendous jump in gold prices so far. Prices in the global market have increased by more than 26% and in India, the figure of Rs 1 lakh per 10 grams has also been exceeded. The biggest reason behind this is America’s new tariff on gold import. On 31 July 2025, US Customs and Border Protection issued a shocking order, under which a heavy tariff was imposed on 1 kg and 100 ounce gold bars. This new tax has come into force from 8 August 2025. Switzerland has the highest shock, which is the most gold export ($ 61.5 billion per annum) to the US. The reason behind this is to purchase oil from Russia, increase national security and global economic pressure.
Also read- If India stops taking Russian oil under pressure from American tariff, the economy will be double pressure, big disclosure in SBI report
What was the impact of America’s move on India?
The new tariff on America’s Gold Import may not have a direct impact on India, but the indirect impact is large. This disturbed the global supply chain due to increasing demand in the US. Its impact was also seen on gold prices in India. Gold futures on MCX reached Rs 1.02 lakh per 10 grams. According to IBJA data, 24 carat gold on 8 August 2025 is Rs 1,01,406 per 10 grams.
Why are gold prices rising? 5 big reasons
- There is a stir in the international market with the US tariff. Global supply chain broken from tariff and Gold on COMEX touched an all -time high of $ 3534.10 an ounce.
- Weak signs of job market in the US and the possibilities of deducting interest rates by the Federal Reserve are strengthening gold.
- According to the WGC (World Gold Council), Global Gold ETFs have seen frequent inflows, especially from the US and Europe.
- The dollar was strong in July 2025, yet gold prices increased, which suggests that gold remains strong as a safe haven asset.
- Due to the rise in gold prices, customers are shifting from 22 carats to 18 carat jewelery.
Also read- Going to sell grandmother’s chain or mother’s bangle? Know whether you will be taxed or not?
How expensive gold has been so far this year?
Since January 1, 2025, the price of 24 carat gold has increased by Rs 25,244. During this time, the price of 10 grams of gold has increased from Rs 76,162 to Rs 1,01,406. If we talk about 2024 last year, then gold became expensive only 12,810 rupees throughout the year, which is much less than this year’s lead.