Precious white-metal amid tariff-related uncertainty marked its fresh all-time high. After hitting all-time high in early trade of Rs 1,17.500 per kg, the metal last at around 2:45 pm traded with decent gains of 2.29 per cent or Rs 2,501 at Rs 1,11,624 per kg.

Key trigger pushing white-metal prices higher are Trump’s statement of imposing 50 per cent tariffs on copper imports and imposing 50 per cent tariffs on Brazil and 10 per cent additional tariffs on BRICS nations hurt market sentiments and supported safe-haven buying for precious metals.

In the international markets, silver breached $37 per ounce levels and marked their highest in more than 13 years. 

Tariff havoc played a good enough role and pushed white-metal prices higher.

Analyst attribure the sharp price rally tp  intensifying safe-haven demand after US President Donald Trump announced sweeping new tariffs, including a 35 per cent duty on Canadian imports and blanket levies of 15 to 20 per cent on most other trade partners starting August 1.

Gains were somewhat capped by a stronger dollar, as traders weighed the Federal Reserve’s policy outlook.

Chicago Fed’s Austan Goolsbee emphasized the Fed’s mandate remains focused on employment and inflation rather than managing government debt burdens.