Gold price outlook, May 17 -- Gold Futures on India's Multi Commodity Exchange (MCX) closed 0.74 per cent or Rs.689 per 10 grams lower on Friday, 16 May, 2025, as investors' demand falls for the safe haven gold over the trade agreement between the United States and China.

Gold futures fell 0.74 per cent to Rs.92,480 per 10 grams as of Friday, 16 May 2025, compared to Rs.93,169 per 10 grams at the previous commodity market close, according to the data collected from MCX.

Gold prices in India, along with the US-based Comex gold rates, dropped after the first move of de-escalation since US President Donald Trump announced his reciprocal tariffs on world nations, giving rise to a tariff war.

The US-China deal to reduce tariffs has increase...