Gold to Hit Rs 90,000 Mark for 10gm?
Around the moment, gold is trading around Rs 76,600 on the Multi Commodity Exchange and roughly Rs 79,350 for 10 gm on the spot market. However, according to trade analysts, it may reach Rs 85,000 or even Rs 90,000 for 10gm in 2025. gold is a must-have item at weddings and other events since indians adore it.
Prices are projected to rise in the upcoming year as a result of this, geopolitical tensions, and uncertainty in international financial markets. Prices have been steadily rising recently as a result of central banks purchasing gold and the central government's monetary policies. At the same time, if the geopolitical scenario improves, the price of the precious metal may fall.
Prices are projected to rise in the upcoming year as a result of this, geopolitical tensions, and uncertainty in international financial markets. Prices have been steadily rising recently as a result of central banks purchasing gold and the central government's monetary policies. At the same time, if the geopolitical scenario improves, the price of the precious metal may fall.
As of october 2024, the yellow metal was purchased for a record-breaking Rs 82,400 for 10gm. This year, silver also saw a 30% increase. If the geopolitical scenario worsens, gold will sell for between Rs 85,000 and Rs 90,000 in 2025, while silver would probably sell for Rs 1.25 lakh per kilogram, according to research expert Jateen Trivedi, who spoke to PTI.
Globally, lower interest rates would encourage liquidity, which would drive up prices even as the US currency weakens. Concerns about currency stability and central banks' ongoing gold purchases are anticipated to drive up prices. The Russia-Ukraine conflict and the Middle east scenario are further reasons for the sharp increase in bullion prices.
Globally, lower interest rates would encourage liquidity, which would drive up prices even as the US currency weakens. Concerns about currency stability and central banks' ongoing gold purchases are anticipated to drive up prices. The Russia-Ukraine conflict and the Middle east scenario are further reasons for the sharp increase in bullion prices.
Another element that is being attentively watched in relation to pricing in 2025 is Trump's election. Some gold purchasers throughout the world have been redirected by Trump's drive for cryptocurrencies, but the July tax drop has caused jewelry, bars, and coins to accumulate in the indian market. Additionally, it is anticipated that the indian gem and jewelry market would reach $100 billion by 2025.