Gold prices may touch new heights in 2025. Experts estimate that in the domestic market it can reach Rs 85,000 to Rs 90,000 per 10 grams. There are many global and local reasons behind this, such as geopolitical tensions, soft monetary policy, and increasing gold purchases by central banks.
In 2023, gold made a record of Rs 82,400 per 10 grams (30 October). Currently the price of gold is Rs 79,350 in spot market and Rs 76,600 per 10 grams in MCX futures. In the global market, COMEX gold had touched the highest level of $ 2,790 an ounce.
It has been two years since the Russia-Ukraine war, while there will be a change of power in America at the end of January. At the same time, tension is continuously increasing between Israel and Iran. Whereas in Syria, rebels have captured power in a coup by the Assad government. In such a situation, gold is being seen as a safe investment all over the world and there is every possibility of its demand increasing in the coming days.
The US Central Bank Federal Reserve has cut interest rates by 25 basis points (0.25%). Now interest rates will be between 4.25% to 4.50%. This is the third time this year that the Fed has cut interest rates. Earlier, on September 18 and 8, the Fed had cut interest rates by 25 (0.25%) and 50 basis points (0.50%). In India too, the repo rate is expected to reduce after the arrival of the new Governor of the Reserve Bank. In such a situation, the interest rates of banks will come down and the purchasing power of the people will increase.
For the last several years, the pattern being seen is that the Reserve Bank of India and banks of other countries are increasing their gold reserves by purchasing gold, in such a situation, if the central banks continue to buy gold even in 2025, then there will be every possibility of the price of gold increasing. .
Experts believe that gold prices may fall in the first half of 2025. On MCX it can go up to Rs 73,000-73,500 per 10 grams. However, there is every possibility of price increase in the second half. The fall in prices in early 2025 could become an opportunity for investors. Gold is a safe option for long term investment. However, before investing it is important to pay attention to the market conditions and expert advice.
