India, April 11 -- Gold prices surged to a fresh record high on Friday as worries about the impact of US President Donald Trump's tariffs on the global economy continued.

Bloomberg reported that gold advanced as much as 3% to $3,175.07 an ounce, surpassing a previous peak reached earlier in the month.

US gold futures rose 3.2% to settle at $3,177.5, according to Reuters. Spot silver fell 0.5% to $30.88 an ounce, platinum shed 0.5% to $932.41, and palladium slipped 1.4% to $918.45.

Financial markets have been gripped by the Trump administration's constant back-and-forth tariff plan.

"We remain quite positive for gold," Dominic Schnider, head of commodities and Asia Pacific currencies at UBS Global Wealth Management, told Bloomberg Tele...