The price of gold traded at $2,611.72 per troy ounce, as of 9 a.m. ET. That’s down 0.91% from yesterday’s gold price per ounce and up 26.39% since the beginning of the year.

That price marks a 26% jump from where the metal started the year — but a 5% drop from where it started in November, erasing a good portion of the increase seen throughout 2024. That said, economic factors are constantly evolving and Wednesday brought news that could affect the price of gold yet again.

The yellow metal's decline comes amid concerns about the higher-for-longer interest rates with Donald Trump’s return to the White House, says expert

The price of gold traded at $2,635.65 per troy ounce, as of 9 a.m. ET. That’s down 2.29% from yesterday’s gold price per ounce and up 27.55% since the beginning of the year. The lowest trading price within the last 24 hours: $2,617.82 per ounce. The highest gold spot price in the last 24 hours: $2,703.98 per ounce.

Here are three smart moves to consider while gold prices are on the decline:

Gold prices on MCX opened sharply lower tracking weakness in international bullion prices, while silver prices also dropped by more than 1%.

Gold prices in Pakistan fell on Thursday in line with their decline in international rates. In the local market,

In India, the price of 24-carat gold was quoted at ₹74,620 per 10 grams on November 14, while 22-carat gold stood at ₹68,402 per 10 grams.