Sachin Jain, Regional CEO India at World Gold Council (WGC), said the fundamentals of gold as an asset class are "very strong" and will continue to be "very strong" throughout the year. The latest correction was on expected lines post the imposition of Trump's reciprocal tariffs.
India could see a decline of USD 5.76 billion or 6.41 per cent in exports to the United States (US) because of the tariffs, in 2025 says a research report by the Global Trade Research Initiative (GTRI).
India has the upper hand amidst the reciprocal tariffs imposed by the Trump administration, said Ashishkumar Chauhan, Managing Director and CEO of National Stock Exchange, backing his argument, stating the duties slapped on India were less than others.
Reciprocal tariffs imposed by the US significantly raise risks for a recession in the US and constrain the US Federal Reserve's ability to lower interest rates further, Fitch Ratings said in a note.
The imposition of high reciprocal tariffs by the US on other competing nations raises the possibility of increased dumping by those nations in India, as well as in other export markets, which could negatively impact certain sectors, CareEdge Ratings said in a report.
After a volatile week post the announcement of reciprocal tariffs by the Trump administration, Indian stock indices are set to take cues from the upcoming monetary policy review meeting (April 7-9), followed by the scheduled release of domestic inflation data.
Thousands of protesters on Saturday (local time) gathered across the United States to voice their opposition to President Donald Trump's policies, including tariffs, with demonstrations organised in all 50 states as well as in neighbouring Canada and Mexico.
Israeli Prime Minister Benjamin Netanyahu is scheduled to meet with US President Donald Trump at the White House on Monday, as confirmed by two US officials and one Israeli official, according to a report by The New York Times.
The maximum increase in tariffs announced by US President Donald Trump is targeted at emerging economies, particularly those in Asia, according to a report by Systematix Research.
US Vice President JD Vance now promotes tariffs he once criticised, marking a reversal from his earlier public statements doubting the effectiveness of protectionist trade policies.
The US stock markets tanked more than 5 per cent on Friday after Donald Trump's reciprocal tariffs sparked fear among investors of a global economic recession.
Donald Trump has reacted to the tariffs imposed by China. He said that China had "panicked" after his announcement of tariffs imposed on China on Thursday.