
Gold is hovering around Rs 79,350 for 10 gm in spot market and at Rs 76,600 on Multi Commodity Exchange right now.
But it could hit Rs 85,000 or even Rs 90,000 for 10gm in 2025 according to trade analysts. Indians love gold and it is a must-have commodity during weddings and functions.
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This, coupled with geopolitical tensions and uncertainty in global financial markets is likely to push prices in the coming year.
Central government’s monetary policy and buying of gold by Central banks has resulted in the constant rise in prices of late. At the same time, the precious metal might see a dip in price if the geo-political situation eases.
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The yellow metal was procured at a record high of Rs 82,400 for 10gm in 2024 as of October. Silver too showed a 30% growth this year.
In 2025, gold would sell at Rs 85,000 to Rs 90,000 while silver is likely to sell at Rs 1.25 lakh per kilo if the geopolitical situation continues to escalate, research analyst Jateen Trivedi shared with PTI.
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Lower interest rates globally would induce liquidity leading to the high price even as the US dollar loses momentum. Continuous buying of gold by Central banks and concerns over currency stability is likely to push the prices further. The situation in middle East, the Russia-Ukraine war are other factors for bullion to shoot up.
Trump’s election is another factor that is being monitored closely with regards to prices in 2025. Trump’s push for cryptocurrency has diverted some gold buyers globally, but the July duty cut has led to accrument of jewelery, bars and coins in the Indian market.
Also, the Indian gems and jewelery is expected to grow to $100 billion by 2025.