Gold prices have risen sharply in the recent past. At present, 24 carat gold is available around 90 thousand per 10 grams. In such a situation, the question comes to mind that how fast will gold move towards one lakh from here and is there a possibility of a big fall in it? According to a report by ICICI Bank Global Markets, fluctuations in gold prices are possible in view of the global environment. In India Gold price hike this year is expected to be impacted by Dubai’s market.
Gold Price Hike:
Gold has been becoming increasingly expensive since Donald Trump returned to power in the US. There were some declines in between, but they were not very big. ET’s report quoted ICICI Bank Global Markets as saying that due to global economic uncertainties and US tariff policies, gold could remain between Rs 87,000 and Rs 90,000 per 10 grams in the first half of 2025. Whereas in the second half of 2025 it can rise to Rs 96,000 per 10 grams. According to this, gold may not cross the 1 lakh mark this year.
The report further states that the price of gold locally is expected to be between Rs 87,000 per ten grams to Rs 90,000 per ten grams in the first half of 2025. At the same time, in the second half of 2025, it can reach Rs 94,000 per ten grams to Rs 96,000 per ten grams. The report also said that rising prices have affected the demand for jewelry. Due to this, gold imports have reached the lowest level in the last 11 months at $ 2.3 billion, showing a decline of 14 percent on a monthly basis and 63 percent on an annual basis.
ALSO READ: Dubai Market’s Influence on India’s Gold Rates
Even though the purchase of jewellery has slowed down due to the rising price of gold, investment in gold has remained stable, in which ETFs and central banks have an important role. According to the report, Gold ETFs recorded an inflow of Rs 19.8 billion in February 2025, which is more than the average net inflow of Rs 14.8 billion recorded in the last nine months. In addition, central banks are expected to continue to increase their gold reserves, which will further support the prices.
Many global factors are responsible for the rise in gold prices. Donald Trump’s tariff policies are the most prominent among them. Trump is going to impose reciprocal tariffs from April 2. This is likely to start a trade war globally and if this happens, gold prices may run up rapidly. Gold is considered a safe investment, so whenever there is turmoil internationally, investment in it increases and prices rise.
These estimates at the global level
Globally, gold prices are estimated to remain between $3,200 and $3,400 an ounce by December 2025. In addition, the US Federal Reserve’s possible decision to cut interest rates in 2025 and 2026. This could make gold an even more attractive investment. The report said that a cut in interest rates in the US could boost gold demand.
ALSO READ: What is ‘AI Microscope’? AI Revolution Insights
Share
Myanmar Earthquake Death Toll Rises: 1644 Killed, 2000 Injured
Happy Marriage Rules: 5 Things to Keep Between You and Your Spouse
