India, March 5 -- Major US stock indices fell on Tuesday when the tariffs announced by US President Donald Trump on Canada, Mexico and China came into effect.

These tariffs further fueled the already escalating investor worries about their impact on the global economy, news agency Reuters wrote.

The Nasdaq closed 9.3% down from its record closing high on December 16.

The Dow Jones Industrial Average fell by 670.25 points or 1.55% to 42,520.99, the S&P 500 lost 71.57 points or 1.22% to 5,778.15, and the Nasdaq Composite fell by 65.03 points or 0.35% to 18,285.16.

Meanwhile, the MSCI's gauge of stocks across the globe fell by 9.67 points or 1.13% to 846.14, while the pan-European STOXX 600 index fell by 2.14%.

As a result, gold prices ...