Story perspectives

Gold Prices Surge Amid Rising Demand and Tariffs

10/11/2025

Summary

Story summary

Gerry Fowler, head of equity strategy, says rising retail demand pushes gold prices as ETFs require buying physical gold.
Mark Ellis of Nutshell Asset Management links the gold boom to US tariffs and Donald Trump's policies.
A report indicates Indian households hold nearly $3.8 trillion in gold as prices rise.
Senco Gold expects 18-20% festive and wedding-season growth, expands retail presence, and has launched affordable jewellery options and Dhanteras offers.

History

Historical Context

The Gold Standard Act, signed by President William McKinley on March 14, 1900, established gold as the sole basis for U.S. currency redemption. This system persisted until the Great Depression, when President Franklin D. Roosevelt's policies led to its abandonment in 1933. By 2021, Indian households held about $3.8 trillion in gold, reflecting its enduring cultural and economic significance amid fluctuating market conditions.

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Story summary

Gerry Fowler, head of equity strategy, says rising retail demand pushes gold prices as ETFs require buying physical gold.
Mark Ellis of Nutshell Asset Management links the gold boom to US tariffs and Donald Trump's policies.
A report indicates Indian households hold nearly $3.8 trillion in gold as prices rise.
Senco Gold expects 18-20% festive and wedding-season growth, expands retail presence, and has launched affordable jewellery options and Dhanteras offers.

1 / 2