For first time in nearly a month, Gold traded at discounts in India
February 17, 2026
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February 17, 2026The US-India deal and gold shine amid truce
With New Delhi and Washington moving to ease trade frictions and signing an interim trade agreement that slashes US tariffs on Indian goods to 18% from 50%. Gold is a global commodity priced in dollars, traded across continents, and influenced far beyond bilateral tariffs.
The yellow metal has been on a remarkable surge over the past year, punctuated by brief consolidations. According to the World Gold Council’s (WGC) Full-Year 2025 Gold Demand Trends report, total gold demand reached a new high of 5,002 tonnes, valued at $555 billion.
