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Gold News Today reveals minor shifts in prices as both domestic and international factors influence the bullion market. On May 31, 2025, Indian gold prices dipped slightly, while global forecasts remain mixed amid economic uncertainties.
Gold News Today – May 31, 2025
On May 31, 2025, 24-carat gold in India was priced at ₹95,360 per 10g, while 22-carat stood at ₹94,970. Prices dropped 0.18% due to weak demand and a stronger US dollar.
On the MCX, August gold futures fell 0.66% to ₹95,823. Globally, gold trades near $3,200/oz, down from the $3,500 April peak, but still 30% higher year-over-year.
Gold News Today – May 31, 2025
Gold prices in India saw a slight dip today.
- 24-carat gold: ₹95,360/10g
- 22-carat gold: ₹94,970/10g
On MCX, August futures dropped 0.66% to ₹95,823 due to weak demand and a stronger US dollar. Globally, gold is at $3,200/oz, still 30% higher YoY. Traders expect fluctuations based on US data and global cues.
Latest Gold Prices in India – May 31, 2025
| City | 24-Carat Gold Price (₹/10g) | 22-Carat Gold Price (₹/10g) |
|---|---|---|
| Mumbai | ₹95,360 | ₹94,970 |
| New Delhi | ₹95,000 | ₹94,610 |
| Bengaluru | ₹94,865 | ₹94,470 |
| Kolkata | ₹94,980 | ₹94,580 |
| Hyderabad | ₹95,120 | ₹94,720 |
MCX Market Insights
On the Multi Commodity Exchange (MCX), gold futures for August 5 delivery traded at ₹95,823, down 0.66%. The fall is attributed to:
- Strengthening of the US Dollar
- Weak physical demand in the Indian spot market
Global Market Trends
- Current global gold price: $3,200/troy ounce
- April high: $3,500/troy ounce
- YoY gain: +30%
- Some bearish traders expect a drop to $2,808
- Bullish analysts forecast a rise to $3,700–$4,500 by year-end
Gold & RBI Reserves
As of May 9, 2025, the Reserve Bank of India (RBI) holds $86 billion in gold reserves, showcasing confidence in gold as a hedge against inflation and global instability.
Key MCX Support & Resistance Levels
| Level Type | Price Range (₹) |
|---|---|
| Support | ₹92,750 – ₹92,200 |
| Resistance | ₹93,850 – ₹94,400 |
Upcoming Market Triggers
Keep an eye on:
- US PCE inflation data
- India’s Q4 FY25 GDP release
These indicators are expected to drive short-term gold price movements.
Positive Indicators for Gold Buyers
- Rising RBI gold reserves
- Global economic uncertainty
- Possibility of US recession
- Safe-haven asset in volatile markets
Negative Indicators for Gold Investors
- Strong US dollar
- Reduced physical demand
- Improving geopolitical situation
- Bearish trader sentiment
Frequently Asked Questions (FAQs)
🔸 What is the gold price in India today?
As of May 31, 2025, 24-carat gold is around ₹95,360/10g, and 22-carat is ₹94,970/10g.
🔸 Why are gold prices falling today?
Gold prices fell due to a stronger US dollar and weak physical demand in India.
🔸 Is it the right time to invest in gold?
If you’re looking for long-term stability and hedging, gold remains a good option. Short-term trends may show volatility.
🔸 What affects MCX gold futures prices?
Global cues, the US dollar, inflation data, and domestic demand all influence MCX prices.
Conclusion
Gold News Today highlights a dynamic market with both risks and opportunities. While gold has shown short-term weakness, long-term fundamentals remain strong. Stay updated with daily gold prices, watch for global indicators, and always invest wisely.
