On May 2, 2025, gold prices experienced a rebound globally, with spot gold increasing by 0.5% to $3,256.51 per ounce, recovering from a two-week low. This uptick is attributed to investors seeking safe-haven assets amid ongoing market uncertainties and ahead of the US non-farm payrolls report, which is anticipated to provide insights into the Federal Reserve's policy direction. 

US Gold Futures and Market Sentiment

US gold futures also saw a rise of 1.3%, reaching $3,265.10. Despite a nearly 2% decline earlier in the week—the steepest weekly loss since late February—investors continue to view gold as a reliable hedge against political and economic instability. The ongoing trade tensions between the US and China, although showing signs of easing, contribute to the sustained demand for gold. 

Indian Gold Market Update

In India, the price of 24-karat gold decreased by ₹22, standing at ₹9,510 per gram as of May 2, 2025. Similarly, 22-karat gold is priced at ₹8,755 per gram, a reduction of ₹20 from the previous day. Despite this dip, gold remains a preferred investment option, especially as uncertainties persist in the global market.

Investor Insights and Future Outlook

Commodity strategists highlight that every price correction in gold is seen as a buying opportunity. If prices decline further towards the $3,000 per ounce mark, significant investment demand could follow. Analysts anticipate that gold prices could rebound if the US non-farm payrolls report shows weaker-than-expected job gains.

Conclusion

The rebound in gold prices on May 2, 2025, underscores the metal's enduring appeal as a safe-haven asset amid global economic uncertainties. Investors continue to monitor economic indicators and geopolitical developments closely, with gold remaining a key component of diversified investment portfolios.

The Upcoming IPOs in this week and coming weeks are Srigee DLM, Manoj Jewellers.

The Current active IPO are Wagons Learning, Kenrik Industries, Arunaya Organics.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.