Gold Prices Remain Volatile Amid Global Trade Worries; Check Rates In Your City
May 30, 2025: Gold and silver prices continue to sway under global trade uncertainties, as Donald Trump’s threatened tariffs on the European Union create jitters in commodity markets.
Despite the safe-haven appeal of gold, analysts have warned investors to remain cautious. Manoj Kumar Jain of Prithvifinmart Commodity Research said, “We expect gold and silver prices to remain volatile this week due to fluctuations in the dollar index, geopolitical tensions, and key US economic data. We suggest selling gold below ₹95,000 with a stop loss at ₹95,550 and targeting ₹94,200.”
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Rahul Kalantri from Mehta Equities added, “Gold has support at $3,255-3,240 and resistance at $3,300-3,322. Silver has support at $32.85-32.65 and resistance at $33.35-33.55.”
At 12:20 PM on May 29, the MCX gold index was at ₹94,545/10 gm and silver at ₹97,668/kg. The Indian Bullion Association (IBA) reported 24-carat gold at ₹95,040/10 gm and 22-carat gold at ₹87,120/10 gm. Silver (999 Fine) stood at ₹97,970/kg.
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Gold & Silver Prices in Major Indian Cities — May 29:
Caution for Retail Buyers:
Note that retail prices may include extra charges such as making fees, taxes, and GST.
Market Outlook:
With global trade uncertainties, dollar fluctuations, and US economic data in play, gold and silver markets remain volatile. Investors should stay alert and monitor cues for opportunities or risks ahead.
gold prices, silver prices, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, New Delhi, MCX gold, gold rates, commodities, US tariffs, dollar index
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