Gold price today, Aug. 8 -- Gold rates rose significantly in the domestic futures market Friday (August 8) morning as growing fears about Trump tariffs boosted safe haven demand. Dollar's weakness also supported gold prices. MCX Gold October 3 contracts traded 0.68 per cent higher at Rs.1,02,159 per 10 grams, while MCX Silver September 5 contracts were up 0.54 per cent at Rs.1,14,904 per kg around 1:15 AM.

After doubling the tariffs on Indian imports for buying Russian energy, US President Donald Trump has said that trade negotiations with India will remain on hold until the ongoing tariff dispute is resolved.

Trump has imposed a 50 per cent tariff on Indian imports, which, according to experts, will reduce India's GDP growth by 0.3 per...