what is the price of gold today 24 carat : June 03, 2025
At 9:30 am on June 3, MCX Gold was down 0.18 percent at ₹96,752 per 10 grams.
Today’s gold price: Due to continuous geopolitical uncertainty from the Russia-Ukraine conflict, Donald Trump’s trade conflicts with China and the European Union, and market expectations ahead of the US Federal Reserve’s imminent interest rate decision, gold prices saw a little decline Tuesday morning.
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At 9:30 am on June 3,MCX Gold was down 0.18 percent at ₹96,752 per 10 grams.
In the meantime, gold prices on the global market fell slightly on Tuesday after rising close to a four-week peak. As of 0249 GMT,spot gold had down 0.3% to $3,369.98 an ounce after earlier in the day reaching its highest level since May 8. At $3,390, U.S. gold futures were stable. The metal saw its largest one-day rise in more than three weeks during the most recent trading session, rising over 2.7%.
Since gold is valued in US dollars, its value decreases when the currency declines, increasing demand for the metal overseas.
The prognosis for the largest economy in the world is currently the primary factor influencing gold prices. President Donald Trump expansive tax and spending plan has raised concerns that it may widen the nation budget deficit in the wake of Moody downgrading of the US credit rating.
Gold prices rose from recent lows as expected, propelled by rekindled interest from dip buyers as worries about a possible deterioration in US-China ties grew. The market’s risk-off attitude has also been exacerbated by increased tensions between Russia and Ukraine, even in the face of ongoing peace talks.
Expectations that the US Federal Reserve may postpone interest rate decreases until September have been eclipsed by these geopolitical and trade-related uncertainty.
As investors look for stability, gold’s attractiveness as a safe haven is probably going to grow in the near future.
According to Aksha Kamboj, Vice President of the India gold and Jewellers Association and Executive Chairperson of Aspect Global Ventures,the forthcoming non-farm payrolls report on Friday would be a significant driver of changes in the price of gold.
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