Gold prices have continued to rise in 2025, as Trump‘s tariffs raise inflationary worries and investors abandon large tech firms. Could gold soon surpass $3,000?
Following a successful year in 2024, the gold price continues to shine in 2025, with the yellow metal reaching new highs.
A rush to invest in gold drove the commodity’s price to $2,790 in October 2024, a record at the time, but despite a brief dip late last year, the price of gold has soared in the early months of 2025.
February 10, the gold price burst past the $2,900 barrier for the first time, reaching a high of $2,906.20, and some analysts feel the next significant milestone, $3,000, is likely.
“The target of $3,000 is very much in sight, and, as we know, when times are uncertain, investors flock to safe-haven assets such as gold to hedge,” says Prem Raja, head of trading floor at Currencies 4 You.
Over the last five years, the gold price has risen by more than 82%.
Gold bullion bars normally weigh over 400 ounces, and at current gold prices, each bar is worth more than $1 million.
The announcement that US President Donald Trump will slap 25% tariffs on steel and aluminum imports fueled gold prices’ recent high.
However, for weeks before that, investors were drawn to the yellow metal due to concerns over surging inflation. While UK interest rates decreased in February, the Federal Reserve appears to have ended its rate-cutting cycle in the United States in an attempt to prevent rebounding prices.
Fears of a global trade war and increasing inflation drive up the price of gold, which is often seen as a safe haven asset in times of disturbance as well as an inflation hedge. “It’s a perfect storm for gold,” says Faisal Sheikh, managing director of Monmouth Capital. “Trump’s tariffs, if enacted in a serious manner, are likely to cause inflation, at the same time as increasing uncertainty, both catalysts for demand for gold.”
Given the current state of economic and geopolitical instability, it’s no surprise that many investors feel now is a good moment to buy gold.
Central banks have also been buying gold, particularly in Russia and China, which has pushed up the price. Meanwhile, the metal is being employed in a variety of sectors, including nanotechnology and artificial intelligence (AI), cancer therapy, and malaria prevention.
We examine the causes of the worldwide gold rush before going into whether more increases are on the horizon.
Today Gold rate in Chennai is live February 2025
The gold rate in Chennai today (February 12, 2025) is:
- 22 Carat Gold: Rs. 79,375 per 10 grams
- 24 Carat Gold: Rs. 86,158 per 10 grams
The live gold rate in Delhi for February 4, 2025, is as follows:
- 24K Gold (10 grams): Rs. 63,300
- 22K Gold (10 grams): Rs. 58,050
As of February 12, 2025, the gold rate in Mumbai is:
- 24K Gold: Rs. 85,423 per 10 grams
- 22K Gold: Rs. 81,353 per 10 grams
As of February 11, 2025, the gold rate in Kolkata is:
- 22K Gold: Rs. 7,830 per gram
- 24K Gold: Rs. 8,548 per gram
As of February 12, 2025, the gold rates in Bengaluru are:
- 24K gold: ₹6,587 per gram (₹65,870 per 10 grams)
- 22K gold: ₹6,038 per gram (₹60,380 per 10 grams)
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