Stock markets across the globe saw a sharp rebound on Thursday, following US President Donald Trump’s decision to suspend trade tariffs. The news triggered a wave of optimism, leading to strong buying activity in Indian markets that helped them recover from the recent two-day decline.
📈 Indian Markets Rebound on Global Sentiment Shift
India’s benchmark indices witnessed significant gains:
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Sensex jumped 320.70 points to close at 81,633.02
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Nifty rose 81.15 points to end at 24,833.60
Market analysts credited the recovery to eased trade tensions, which boosted investor sentiment. Strong cues from Asian and European markets further supported the rally.
Experts believe that with geopolitical tensions showing signs of easing, markets could maintain upward momentum in the short term.
🪙 Gold Drops by ₹500 Amid Weak Global Trends
In contrast to the buoyant equity markets, the price of gold fell by ₹500 per 10 grams in the Delhi bullion market on Thursday, settling at ₹98,500 per 10 grams for standard purity gold.
Gold of 99.5% purity also saw a similar fall, ending at ₹98,000 per 10 grams, inclusive of all taxes.
🥈 Silver Prices Stay Flat at ₹1 Lakh Per Kilogram
Despite the dip in gold, silver prices remained unchanged, with the metal trading at ₹1,00,000 per kilogram in most local markets.
Bullion traders noted that while tariff relief supported equities, global demand softness led to minor pressure on precious metals.
🌍 International Market Impact
Globally, the impact of the tariff decision led to a drop in gold prices on the COMEX, where gold slipped by $17.94 to $2,304.46 per ounce.
Analysts suggested that traders booked profits amid easing concerns over trade wars, thereby reducing the safe-haven appeal of gold.
