Gold rate today on May 2, 2025: In the last few days, Gold June futures at MCX have seen considerable selling pressure from peak levels, declining by Rs 6,700/10 grams due to positive developments in US-China trade talks and strengthening dollar.
Today, Gold June futures started trading 0.35% higher at Rs 92,665 per 10 grams, showing an increase of Rs 326, whilst silver July futures increased 0.46% to Rs 95,168 per kg, advancing by Rs 439.
The previous day witnessed gold and silver closing lower in both domestic and international markets. Gold June futures settled at Rs 92,339 per 10 grams, declining 2.50%, whilst silver July futures ended at Rs 94,729 per kilogram, dropping 1.24%.
Precious metals prices experienced a sharp correction following U.S. President Donald Trump’s statements regarding possible trade agreements with India, South Korea, and Japan, alongside ongoing discussions with China.
Also Read | After gold prices hitting Rs 1 lakh, is it time for silver to rally?
The dollar index strengthened following these remarks, surpassing the 100 level. The US Dollar Index, DXY, was trading around 100.02, showing a decrease of 0.23 or 0.23% today.
“Gold prices slipped to 2-week lows and silver prices also tested $32 per troy ounce levels. Traders also booked profits in their long positions ahead of the U.S. monthly job reports,” said Manoj Kumar Jain of Prithvifinmart Commodity Research according to an ET report.
The U.S. GDP showed contraction in the previous quarter, with unemployment claims rising again, potentially creating conditions for U.S. Fed rate reductions and providing support for precious metals prices at lower levels.
“We expect gold and silver prices to remain volatile in today’s session amid volatility in the dollar index and ahead of the U.S. job data; gold prices could hold its support level of $3,200 per troy ounce and silver prices could also hold $31.40 per troy ounce levels on a weekly closing basis,” Jain added.

Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Friday, the first trading day of the month. While Nifty50 rose over 100 points to cross 24,400, BSE Sensex was above 80,600. At 9:19 AM, Nifty50 was trading at 24,424.00, up 90 points or 0.37%.BSE Sensex was at 80,679.58, up 437 points or 0.55%.
Market experts anticipate range-bound trading with focus on individual stocks and sectors, primarily influenced by fourth quarter results.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “After the sharp market correction triggered by Trump’s reciprocal tariffs and the Pahalgam terror strikes, April has closed with above 4% gains in Nifty. This surprising resilience of the market has been primarily driven by the sustained FII buying for eleven trading days in a row taking the cumulative FII buying for this period to Rs 37375 crores.FII buying has been driven by weakness in the dollar and declining growth prospects in the US. Other macros like declining interest rates in India, decline in the crude price and green shoots of pickup in demand are positives for the market. The high probability of India among the five ‘allies’ of the US entering into early trade deals with the US is also a significant positive factor. However, at the current juncture of high valuations (Nifty trading at above 20 times estimated FY 26 earnings) and high India-Pak tensions, the near-term risk-reward is not in favour of high reward. Therefore, investors can play it safe by increasing the cash component in the portfolio even while remaining invested.”
US equities moved higher on Thursday, with both Dow and S&P 500 achieving their eighth consecutive positive session, supported by robust performance from technology giants Microsoft and Meta, alleviating AI investment concerns.
Asian equities showed modest gains while US index futures recovered losses on Friday following China’s announcement regarding potential trade discussions with the US.
Gold prices were heading towards their largest weekly decline in over two months on Friday, as diminishing trade conflicts reduced safe-haven appeal. Investors await the U.S. non-farm payrolls report scheduled for release later in the day.
The U.S. dollar advanced towards its third consecutive weekly rise, supported by positive developments in trade discussions with partners and stronger-than-anticipated economic data, bolstering confidence in the U.S. economy.
Foreign portfolio investors shifted to net purchases at Rs 50.57 crore on Wednesday. Domestic institutional investors acquired shares valued at Rs 1792 crore.

Stock market recommendations: According to Bajaj Broking Research, Eternal (Zomato) and KEI Industries are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for May 2, 2025:
Index View: NIFTY
Indian equity benchmarks during last week maintain a positive yet cautious bias, given the lingering geopolitical tensions and tariff related development. US Treasury Secretary Scott Bessent said that several top trading partners had made “very good” proposals to avoid US tariffs, with India likely to be among the first to finalize a deal which boosted sentiments.
Going ahead, Nifty is expected to extend consolidation in the range of 24,550-23,800. With 23,800 being the confluence of last week’s low and recent breakout area. While 24,550 is the 61.8% retracement of the entire decline (26,277-21,744).
We believe the current consolidation will help the index work off the overbought condition developed after the recent strong rally. Stock specific action will continue to remain in focus as we progress through the Q4 earnings season.
Overall structure remains positive, and we believe the current consolidation should be used as a buying opportunity in quality stocks for an up move towards the December 2024 high of 24,850 in the coming weeks.
Globally Investors will keep a close eye on the earnings from the “magnificent seven” megacaps, including Apple Inc, Microsoft Corporation, Amazon and Meta Platforms Inc, this week.
Investors braced for a busy week with a series of U.S. economic data releases, including the Federal Reserve’s preferred inflation gauge – the PCE price index, and the monthly U.S. jobs report. The U.S. will also report its first-quarter gross domestic product (GDP) data this week.
NIFTY BANK

Stock Recommendations:
Eternal (Zomato)
Buy in the range of Rs 228-233

The stock has generated a breakout above a falling channel containing last 3 months price action and is sustaining above the 50 days EMA signaling strength and reversal of the corrective trend.
The 14 periods RSI in the weekly chart is seen sustaining above its nine periods average thus validates positive bias in the stock. We expect the stock to head higher towards 255 levels in the medium term being the 138.2% external retracement of the last 3 months breather (242-195)
KEI Industries
Buy in the range of Rs 3000.00-3070.00

The share price of Kei Industries has generated a breakout above a falling channel containing last 4 months decline signaling reversal of the corrective trend and resumption of up move.
The weekly 14 periods RSI has generated a buy signal moving above its nine periods average. We expect the stock to head towards 3350 levels in the coming month being the 38.2% retracement of the entire breather (5039-2424)
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.

A night meant for baseball glory turned tragic when Kavan Markwood, a 20-year-old former college football player, fell 21 feet from the stands at PNC Park during the Pirates vs. Cubs game on Wednesday. The terrifying moment, caught on video, has gone viral across social media platforms, drawing concern and sympathy from fans nationwide.
The incident unfolded just as Andrew McCutchen delivered a clutch two-run double in the bottom of the seventh inning, giving the Pittsburgh Pirates a 4–3 lead. As cheers erupted, cameras and spectators captured the moment Markwood tumbled from above the iconic Clemente Wall, landing on the warning track in right field.
The game was paused for about 10 minutes while EMS, police, and on-field staff rushed to assist. Markwood was quickly transported to Allegheny General Hospital, where he remains in critical condition. Officials have said the fall is being treated as accidental.
The viral video has since stunned sports fans and raised questions about stadium safety. While authorities have not released the footage officially, clips circulating online show the immediate shock in the stadium as the crowd realized what had happened.
Later identified by the South Allegheny School District, Markwood is a McKeesport native and a former linebacker for Wheeling University. He played five games in 2023 and was known for his grit, strength, and leadership.
“He’s a fighter. He’s touched a lot of lives at South Allegheny,” said school spokesperson Laura Thomson. “We’re a small community. He’s a household name here.”
Pirates Chairman Bob Nutting called the fall a “terrible accident” and said the organization was heartbroken: “It was one of the most difficult moments many of us have ever experienced… Pirates baseball is a community, and our fans are like family.”
Though the Pirates snapped their three-game losing streak with McCutchen’s seventh-inning heroics, the night was defined not by the win, but by the horrifying scene that played out in real time — and online.

NEW DELHI: Home minister Amit Shah Thursday said terrorists are mistaken if they believe that by killing innocent civilians in Pahalgam, they have won the war, as he publicly vowed a targeted response against each and every one involved in the atrocity and pledged to uproot every act of terrorism from Indian soil. He added that those responsible for the attack will be held accountable and given appropriate response.
“Today, they should not think that by killing 27 citizens, they have won the war. I want to tell all the perpetrators of terrorism that this is not the end of the fight but only a turning point… ek makam hai, har vyakti ko chun-chun kar jawab milega, jawab bhi liya jayega (each one involved will be given a fitting response and will be held accountable too),” Shah said in his first public speech after the slaughter of tourists at Pahalgam.
Shah, who was addressing a meeting after the unveiling of the statue of Upendranath Brahma, a leading figure among the Bodos, in Delhi, asserted that the fight against terrorists and their backers would continue until each one of perpetrators is punished.
Shah said BJP govt, under PM Modi’s leadership, has effectively tackled terror threats everywhere – be it in the northeast, areas impacted by left-wing extremism, or in Kashmir – and has given befitting responses. “If anyone thinks that a cowardly attack is their big victory, they must remember this is Narendra Modi’s India – none will be spared. Our resolve is to uproot terrorism from every inch of India, and it will become a reality,” he added.
Soon after the terror attack, the home minister had rushed to Srinagar and visited Baisaran meadow in Pahalgam. He met the grieving families and vowed that the “culprits of this dastardly terror attack will not be spared”.
Last week, the PM in his first remarks at a public event in Bihar, had issued a similar warning. “We will go to the ends of the earth to find the perpetrators,” he had said.
Shah, in his address, said no Bodo should have an inferiority complex; they have the same rights in the country as the home minister himself.
Recalling the signing of Bodo Accord in 2020 after nine months of discussions, Shah said everyone dropped their weapons and joined the mainstream. “I want to tell all tribes that BJP govt honours the pacts it signs. We are implementing several agreements that were signed before us. They (earlier govts) did not follow them. We have cleared 96% of issues that were part of Bodo Accord. We will resolve 100% issues before next election in Assam,” he added.
The home minister said that Modi govt has signed over 20 accords in the northeast and over 10,000 people have surrendered and integrated inro the society. “On an average, 78% of the issues have been resolved in the past four years… This shows what we do what we say,” he added.
Earlier, Assam chief minister Himanta Biswa Sharma highlighted the progress made in the state under BJP rule and said that the state, which previously used to see violence, now hardly reports any incidents.

NEW DELHI: In view of rising temperatures, the National Human Rights Commission (NHRC) on Thursday asked authorities across the country to take measures to protect the most-vulnerable sections of society from the dangers of heatwave conditions.
The commission said National Crime Records Bureau data shows that 3,798 people reportedly died between 2018 to 2022 due to heat and sunstroke. The number of deaths was high in 11 states, including Uttar Pradesh, Maharashtra and Bihar.
In view of heatwaves particularly in the northern, central and western parts of the country, NHRC has written to these 11 states, asking them to take immediate preemptive measures to protect vulnerable people, especially economically weaker sections, outdoor workers, the elderly, children and the homeless.
The commission has also asked them to make adequate arrangements for shelters and relief material, amend working hours and ensure standard procedures for treating heat-related illnesses. NHRC has sought action-taken reports on measures implemented from the 11 states — Punjab, Haryana, UP, Bihar, Jharkhand, West Bengal, Odisha, Andhra Pradesh, Telangana, Maharashtra, and Rajasthan.
NCRB data from these states shows that they account for 3,566 of the 3,798 deaths reported between 2018-2022. In UP, 508 people died of heatstroke, it was 470 in Maharashtra, 467 in Bihar and 466 in Telangana.
In its letter to the states, the NHRC mentioned the National Disaster Management Authority’s guidelines to mitigate impacts of heatwaves. Besides standard protocols for treating heat-related illnesses, the guidelines also call for activating public spaces such as schools, anganwadi centres and community halls with adequate ventilation, fans, drinking water and basic medical supplies.
Fans, cool roof materials and ORS sachets must be provided to families in informal settlements and labour colonies, the NDMA guidelines state. For workplaces, it calls for providing shaded rest zones, hydration support and encouraging the use of protective clothing.
Between 2013 to 2022, the highest number of deaths — 1,908 — due to heatwaves was reported in 2015 followed by 1,338 in 2016 and 1,274 in 2019, according NCRB data on deaths for all states and UTs due to heatwave shared by the govt in Parliament.