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Gold Prices At New High: Investors can get bumper returns on investment in gold in the year 2025. Amidst global tensions and global economic uncertainties, gold can touch an all-time high of Rs 90,000 per 10 grams in the new year. According to commodity market experts, the rise in gold prices may continue in 2025 like in 2024 and may touch new historical highs due to global tension and continuous purchases of gold by central banks.
Global tension will increase the shine of gold!
In the bullion market, gold is currently trading at the level of Rs 79,350 per 10 grams. Whereas in futures trading on Multi Commodity Exchange (MCX), gold is trading at Rs 76,600 per 10 grams. The year 2024 has been the best for gold investors. Gold has given a return of 30 percent in the domestic market. On October 30, 2024, gold prices touched an all-time high of Rs 82,400. According to PTI report, the price of gold as a safe investment can go up to Rs 85,000 per 10 grams in the new year 2025, breaking the old record. Whereas amid global tension and global economic uncertainties, gold prices in the domestic market can even reach the level of Rs 90,000.
Gold will go up to Rs 90000
Jatin Trivedi, Vice President, Commodity and Currency Research Analyst, LKP Securities, told PTI that the outlook for gold in 2025 remains positive. However, the pace of growth may remain slow compared to 2024. He said, ‘Domestic gold prices are expected to reach Rs 85,000, while in the best-case scenario gold can reach the level of Rs 90,000. Whereas silver prices may rise marginally to Rs 1.1 lakh or even reach Rs 1.25 lakh. He said, the interest rate cycle is very important because low interest rates will bring cash into the market, weaken the US dollar, which will boost gold prices.
Investment increased in gold ETF
Colin Shah, MD of Cama Jewellery, said, there has been strong investment in gold even in the month of December, which shows the priority being given to gold in the investment portfolio. It is also getting support from investment in Gold ETF. He said, the demand for gold for investment will remain strong. And in the long term gold can go up to $ 3000 per ounce.
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