what is the price of gold today 24 carat : May 14, 2025

what is the price of gold today 24 carat : May 14, 2025

Today’s gold price: As worries about the US-China trade war subsided, gold prices dropped in the domestic futures market. At approximately 9:10 AM,the MCX Gold June 5 contracts were trading at 93,230 per 10 kilos. As the United States and China agreed to reduce tariffs for ninety days,prices fell internationally as well.

Today’s gold price: As worries over the US-China trade war subsided,gold prices fell sharply in the local futures market on Wednesday morning. Around 9:10 AM,MCX Gold June 5 contracts were down 0.45% at 93,230 per 10 grams.

Also Read : what is the price of gold today : May 13, 2025

When tensions over the US-China trade war eased,gold prices fell globally as well.

As negotiations continue to finalize a mutual agreement, the United States and China have agreed to reduce tariffs by 115 percentage points on each other to 30 percent and 10 percent, respectively, for 90 days.

According to Reuters, US President Donald Trump stated Monday that he does not anticipate tariffs on Chinese goods going back to 145% following the 90-day truce and that he thinks a deal will be reached between Washington and Beijing.

In the meantime,India’s and the US’s inflation trends are improving.

In April,retail inflation in India decreased to its lowest level in more than six years. According to data from the Ministry of Statistics and Program Implementation,retail inflation based on the Consumer Price Index increased 3.16 percent year over year in April,compared to 3.34 percent in March,3.61 percent in February,and 4.83 percent in the same month the previous year.

April saw a modest recovery in US consumer prices, resulting in the lowest annual growth in four years. Following a 0.1% decrease in March, the US consumer price index rose 0.2% in April. A 0.3% increase in the US CPI was anticipated by economists surveyed by Reuters.

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