Gold Price: There are only a few days left for the year 2024 to end and the new year 2025 is about to come. In the year 2024, the price of gold had reached a peak of Rs 82,000. After reducing the duty in the government budget, there was a correction of Rs 6,000 in gold prices. Since then gold has been trading in a range in terms of prices. In such a situation, the big question arises that where can the price of gold reach in the year 2025? Will gold give good returns in the year 2025 like the year 2024? What factors will affect gold prices in the year 2025?
Gold gave 27% return in the year 2024
Gold recorded a gain of 27% in 2024, which was its best performance since 2010. This increase was due to the Federal Reserve’s interest rate cuts, geopolitical risks and demand for gold to hedge against inflation. According to experts, this year gold broke records and the total demand crossed $100 billion. Central banks also played a big role, with the Reserve Bank of India increasing gold purchases fivefold.
How much return will gold give in 2025?
Experts who monitor gold prices believe that in 2025, gold can reach $3,000 per ounce i.e. approximately ₹85,000 per 10 grams.
What factors will affect gold prices?
Gold will be supported by interest rate cuts in 2024 and a possible cut in 2025. Tensions in the Middle East and Ukraine, as well as US trade policies, could increase demand for gold. Due to inflation, ETF investments and purchases by central banks will continue. The position of gold will become stronger in an uncertain economic environment. Experts say that investors consider gold as a safe option and its demand may increase further amid the upcoming uncertainties.
Today’s gold price?
Gold prices increased today, December 26. The main reasons for the rise in prices are the weak US dollar and geopolitical uncertainties. Spot gold rose 0.5% to $2,626.10 an ounce in the international market, while in India it rose ₹20 to ₹77,460 per 10 gram. US gold futures also gained 0.3% at $2,643.70 an ounce.
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