Gold Rates Today: There is good news for gold and silver lovers. Gold and silver prices fell again today (May 2, 2025). In this sequence, now theprice of 24carat gold has come down by Rs 2,363 per kg. From the level of Rs 93,339. 1 lakh. Let us now know what those details are.
Ananya
Gold Price Forecast: Yellow Metal slumps below $3,230 amid hope for US-China trade deal
Gold Price Forecast: The Gold price (Yellow Metal) extends the decline to around $3,221 during the early Asian session on Thursday. The precious metal edges lower to near two-week low amid easing US-China trade tensions as traders hope for US-China trade deal after US President Donald Trump’s comments
Gold price looks to high-impact US data flow
The first look of the US annualised GDP is expected to show a 0.4% growth in Q1 2025, down from a robust 2.4% expansion in the final quarter of 2024. Goldman Sachs economists expect a negative 0.2% growth.
Donald Trump is proving disastrous for big tech
In the weeks after the re-election of Donald Trump, the bosses of America’s tech giants worked hard to ingratiate themselves withthe returning president, congratulating him publicly and dutifullyturning up to his inauguration. Mark Zuckerberg, the bossof Meta, gushed that it was nice to have an administration that was “proud” of America’s tech champions.
Shriram Finance stock tanks 15% in 2 sessions
Shares of Shriram Finance have tumbled nearly 15 per cent in the last 2 sessions after the company reported a muted set of performance in the March 2025 quarter, missing the street’s estimates. Brokeragefirms have cut their estimates and target prices, with some analysts downgrading the stock. However, majority of them remain positive on the stock.
Why MCX Gold Hit ₹99,358 and What’s Next?
The Multi Commodity Exchange (MCX) gold price soared to an all-time high of ₹99,358 per 10 grams on April 22, 2025, driven by a confluence of global and domestic factors. This surge reflects gold’s role as a safe-haven asset amid escalating geopolitical and economic uncertainties. Below, we explore the key reasons behind this peak and provide insights into the future outlook for MCX gold prices, based on market trends, expert analyses, and recent developments.
USD/INR jumps amid tensions over Kashmir, rising US Dollar demand
The Indian Rupee (INR) faces some selling pressure on Thursday as terrorist attacks in Kashmir, India, weighed on sentiment. Furthermore, rising crude oil prices undermine the Indian currency, as India is the world’s third-largest oil consumer.