Gold fell victim to a selloff in global markets Thursday after President Donald Trump announced wide-ranging tariffs on foreign imports — but it’s still a clear-cut winner to hedge uncertainty, as bargain hunters helped prices for the precious metal recover much of their losses by the day’s settlement.

Markets around the world continue to sink on fears about President Donald Trump's protectionist trade policies, and investors keep plowing money into gold, with futures hitting another record high.

Gold is one of the most precious and sought after materials known to humanity, which makes the size of this discovery all the more astounding.

The price of 18 carat gold per gram in Delhi today is ₹7,016, as opposed to ₹6,975 yesterday. The price of 22 carat gold per gram in Delhi today is ₹8,575, as opposed to ₹8,525 yesterday. The average 22 carat gold rate in Delhi in the last 10 days has been ₹8,

Bullion hit a new high on Monday — and some analysts think rising demand and uncertainty mean prices could go as high as $3,500 an ounce this year.

Gold prices eased on Tuesday on profit-taking but remained near record highs as investors turned to the safe-haven asset ahead of President Donald Trump's planned announcement of sweeping tariffs on countries that have a trade imbalance with the U.

Secondly, Mills foresees a drop in gold demand. Despite recent interest from central banks and investors, a World Gold Council survey shows that 71% of central banks anticipate their gold holdings to either remain constant or decrease in the upcoming year.

Record-high gold prices could see a steep correction in the coming years, according to one analyst. There are long-term trends that could push bullion back to $1,820, Morningstar's Jon Mills says. That implies a 38% decline for the metal from current levels.

As regular readers will know doubt opine, this column has many weaknesses and one of them is the classic investor failing of selling winners too early (and holding to losers for too long, for that matter).

Global equity markets fell and safe-haven gold hit a fresh record high on Monday after U.S. President Donald Trump said tariffs would essentially cover all countries, stoking worries a global trade war could lead to a recession.