Kolkata: Over the past few days, there have been signs of both the geo-political scenario stabilising and economic mood lifting a bit. This has slightly impacted the price of the yellow metal, which has been in the news consistently for about the past two years. On April 22, the price of gold touched the psychologically crucial level of Rs 1 lakh per 10 gms.
What is the gold price today, is a question that many ask following the bull run over the past several months. According to the rates given by India Bullion and Jewellers Association, the price of gold came down to Rs 93,619 in the morning and it stood at Rs 93,785 when trading closed. According to Anand K Rathi Co-Founder of MIRA Money, this is just a temporary blip in the prices of the yellow metal which is expected to remain at elevated levels this year.
Judicious asset allocation is the key
“As of May 19, 2025, the price of gold is approximately $2,360 per ounce worldwide and 195,510 pet 10 grams in India. With global tensions reducing and economic optimism improving, the recent price decline reflects a brief shift in investor appetite towards stocks and other risky assets. Gold’s long-term worth as a hedge against macro-uncertainty, currency volatility and inflation however, is still high. Investors should concentrate on asset allocation that strikes a balance between growth and stability rather than responding to transient price corrections,” Rathi told News9live.com.
His crisp advice, “Gold still merits a significant position in a portfolio that is well-diversified.” Some market analysts recommend that one can allocate as much as 20% of the portfolio to gold.
Gold prices in past few days
The following are the prices of gold over the past few days. The data is according to IBJA (India Bullion and Jewellers Association). This price pertains to the cost of 10 gms of the 999 variety (which means there is 1 part impurity and 999 parts the yellow metal). By the way, 999 gold is also referred to as 24 carat gold and both indicate the highest possible purity.
May 19, 2025: Rs 93,619 (opening), Rs 93,785 (closing)
May 16, 2025: Rs 93,658 (opening), Rs 92,301 (closing)
May 15, 2025: Rs 91,484 (opening), Rs 92,365 (closing)
May 14, 2025: Rs 93,776 (opening), Rs 93,859 (closing)
Factors at play
The price of gold usually depends on an interplay of factors such as general and economic uncertainties and there is an upward pressure in prices when uncertainty rises in the air. This uncertainty can be due to military conflict, interest rates (usually inverse relation), price of the US dollarn (usually inverse relation), inflation (usually direct relation), gold purchase policy of the central banks in major economies etc. Since India imports a lot of gold — it is the second biggest item on the import list after crude oil — the price of gold is significantly dependent on the value of the US Dollar.
As the price of gold tends to dip a bit after de-escalation of conflict between India and Pakistan, Co-Founder of MIRA Money, Anand K Rathi has this piece of advice for the readers of News9live.com. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
