China fires back with fresh 50% tariff in rebuke to Trump’s escalation
April 10, 2025
GJC concludes the 7th edition of the Indian Gem and Jewellery Show-2025. launches ‘National Hackathon’
April 11, 2025UAE: Gold surges by over Dh10 per gram amid Trump’s 90-day pause on tariffs
As markets are in a period of global fluctuation due to Trump’s tariff decisions,
the yellow metal is one of those greatly impacted. In Dubai, the rate has shot up by over Dh10 in just the span of one day.
The Dubai Jewellery Group data showed 24K opening at Dh376.5 per gram for Dh24k; this is an increase of Dh13.5, compared to Dh363 on Wednesday opening. The 22k was selling at Dh348.75 per gram, compared to Dh336 on Wednesday morning; the 21k was at Dh334.50 per gram, and the 18k at Dh286.50 per gram, representing increases of Dh12.25 and Dh10.25, respectively, from the Wednesday opening rates.
In an unprecedented turnaround, Trump announced a 90-day pause on the earlier stated ‘reciprocal’ tariffs, but increased the duties on China to 125 per cent. Other economies are currently only subject to a 10 per cent baseline.
