Gold price outlook, May 31 -- Gold Futures on India's Multi Commodity Exchange (MCX) closed 0.59 per cent or Rs.568 lower on Friday, 30 May 2025, amid tepid demand for safe-haven assets and a rising US dollar backed by US economic data.

MCX Gold's June contract closed 0.59 per cent lower at Rs.95,891 per 10 grams after Friday's market session, compared to Rs.96,459 per 10 grams in the previous commodity market close.

Experts anticipate that gold prices in India will trade in a range-bound movement amid ongoing tariff uncertainty and rising dollar-driven volatility. Global gold investors will be looking out for key data like the U.S. labour data, global PMIs, and central bank decisions, including those of the European Central Bank (ECB) ...