what is the price of 24k gold today : May 26, 2025

what is the price of 24k gold today : May 26, 2025

Gold price today: President Trump’s decision to postpone trade talks with the EU until July 9 caused gold prices to drop in the local futures market on Monday due to weak global signals. By 9:10 AM,MCX Gold contracts on June 5 were down 0.51% at ₹95,930 per 10 grams.

Today’s gold price: Following President Donald Trump’s decision to extend his deadline for trade talks with the European Union (EU) to July 9,gold prices fell in the domestic futures market intraday on Monday,following weak global indications. Around 2:50 PM,MCX Gold June 5 contracts were down 0.73 percent at ₹95,721 per 10 grams.

Also Read : what is gold rate today 24 carat : May 24, 2025

Additionally,gold prices fell from a two-week peak following Trump’s lifting of EU tariffs.

According to a report by Reuters,”Trump on Sunday extended his deadline for trade talks with the EU until July 9 after the head of the EU executive body sought more time to reach a good deal.”

As sentiment shifts back towards riskier assets like stocks,”the recent tariff threat made by US President Donald Trump on the European Union and the subsequent withdrawal in the early hours of the morning could result in some profit booking in gold prices,”stated Aksha Kamboj,Executive Chairperson of Aspect Global Ventures and Vice President of the India Bullion and Jewellers Association.

As worries about the US financial crisis grew,MCX Gold prices increased by 2% last week due to the dollar’s decline.

Increased bond purchases by major institutions indicate a move toward safer assets,which increases the attraction of gold on international markets,according to Jateen Trivedi,VP Research Analyst-Commodity and Currency,LKP Securities.

The future US macroeconomic data,news reports about tariffs,and the movement of the dollar will all have a significant impact on how gold develops.

“Gold is predicted to fluctuate between ₹95,000 and ₹96,500 during the next few sessions. In the face of ongoing global volatility,traders will be keenly monitoring key macroeconomic releases,such as US manufacturing and services PMI data and new home sales figures,for directional clues, Trivedi added.

Disclaimer: The sole intention of this story is education. The opinions and suggestions expressed above are not those of bharatbulletin24x7.com, but rather those of individual analysts or broking firms. Since situations can change and market conditions can change quickly, we suggest clients to consult with qualified specialists before making any investment decisions.