what is gold price today 24 carat : May15, 2025

what is gold price today 24 carat : May15, 2025

Given that gold may continue to be sold as the economy improves, stocks seem like a better risk-off choice than gold.

The price of gold has dropped dramatically from its most recent all-time highs. Gold is currently trading at $3,140, down more than 10% from the record highs and below the all-time high of $3,500 recorded in April.

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As the demand for safe-haven assets continued to decline due to lessening global trade tensions, the price of gold fell more than 2% from the previous session and hit a five-week low on Thursday.

As the US and China agreed to significantly lower tariffs and began a 90-day truce to finalize a bigger accord, President Trump highlighted continued talks with South Korea, Japan, and India.

Geopolitical threats also declined as tensions between India and Pakistan subsided and there was increasing optimism that Trump might loosen sanctions on Syria while in the Middle East.

Lower-than-expected US inflation data bolstered expectations for a possible rate cut by the Federal Reserve, which is often favorable of non-yielding assets.

Today’s gold price in India is Rs 91,250, down Rs 8,750, or 8.75%, from the April 22 lifetime high of Rs 1 lakh. However, the August, October, and December gold futures contracts on MCX are trading above the current gold prices.

See Also: Has the gold bull run its course?

Known as the “God of Uncertain Times,” gold offers a safe haven when the economy is in turmoil and central banks are heavily indebted.

The world’s dire economic outlook seems to have been interrupted by the most recent development. The markets expect a lower tariff structure soon as a result of the Trump administration’s vigorous international negotiations. With indications of possible reconciliation with trading partners other than China,Trump’s tone has significantly changed.

Even though many people think that there are still a lot of unresolved or unexplained questions regarding tariffs and the US economy,stocks seem like a better risk-off alternative right now than holding onto gold. There will be ongoing pressure on gold prices as the economy recovers.