Gold price outlook, May 24 -- Gold Futures on India's Multi Commodity Exchange (MCX) closed 0.02 per cent or Rs.21 lower on Friday, 23 May 2025, after a rally fueled by the renewed trade tensions in the global economy over US President Donald Trump's stance with the European Union tariffs.

Gold Futures for the June 2025 contract closed 0.02 per cent lower at Rs.96,400 per 10 grams as of Friday, 23 May 2025, compared to Rs.96,421 at the previous commodity market close, according to the data collected from MCX.

Gold prices in India and the US-based Comex gold rates jumped as investors' tensions renewed over US President Donald Trump's proposal of a 50 per cent tariff on imports from the European Union starting 1 June 2025. Trump also thre...