what is the price of gold today 24 carat : May 19, 2025
Prices of Gold and Silver Today, May 19, 2025: Gold futures for June delivery on the Multi Commodity Exchange (MCX) displayed an upward trend. Additionally, it traded with gains of 0.8%, or Rs 778, at Rs 93,219 per 10 gm as of the most recent count, which was conducted at approximately 11:28 am. At Rs 95,696 per kilogram,silver futures were up 0.4% in the meantime.
In the face of deteriorating US economic conditions,gold prices are rising once more. Due to significant debt,international rating agency Moody’s has reduced the US’s investment rating.
The appeal of the bullion has also increased as a result of Trump’s novel approach to tariffs.
In television interviews on Sunday,Treasury Secretary Scott Bessent stated that tariffs would be imposed on trading allies when Trump was unable to negotiate in “good faith,” as previously promised. “
As demonstrated by Bessent’s remark referring to the Republican president’s “strategic uncertainty,”Trump’s tariff punches have posed a serious threat to the world’s financial markets.
Global gold markets :
The price of gold increased globally,with June futures up 1.44 percent at $3,231 an ounce and the spot market up 0.83 percent at $3,229 an ounce.
In contrast,silver futures increased by 0.8% to $32.61 an ounce,while the spot market saw a 0.5% increase to $32.45 an ounce.
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