Gold Price Trends in New Year 2025 :The new year could prove to be another record-breaking year for gold prices. According to experts, gold prices in the domestic market can reach Rs 85,000 per 10 grams. If geopolitical tensions and economic uncertainty persist, it may even go up to Rs 90,000.
Gold and silver gave this much return in 2024
Gold gave a return of 23% in the domestic market in 2024 and it reached a historic high of Rs 82,400 per 10 grams on October 30. Currently, gold prices are at Rs 79,350 per 10 grams in the spot market and Rs 76,600 per 10 grams in the MCX futures market. Silver has also registered a return of 30% this year. The price of silver had crossed the level of Rs 1 lakh per kg. In Comex futures, gold started from $2,062 an ounce and reached $2,790 an ounce, giving a return of 28%.
What will be the trend of gold in 2025?
Experts believe that gold prices will remain strong even in 2025. Jatin Trivedi of LKP Securities said that gold prices in the domestic market can reach Rs 85,000 and silver can go up to Rs 1.25 lakh. However, the resolution of the geopolitical crisis or a cut in interest rates by the US Federal Reserve could affect prices.
Effect of government policies and demand on gold
Prices fell by 7% due to 6% cut in import duty on gold in 2024. This has led to an increase in the physical demand for gold during festival and wedding seasons. This move led to a 17% increase in demand for jewellery, bars and coins.
Jewelery market developed
Srikumar Krishnamurthy of ICRA Ltd said the organized jewelery industry recorded a compound annual growth rate (CAGR) of 11% between FY 2019 to FY 2024. Store expansion in Tier II and III cities, consumer inclination towards branded jewelery and good monsoon rural have played an important role in increasing demand.
Future risks and challenges
Fluctuations in the US dollar and interest rates can affect gold prices. However, possible depreciation of rupee may keep domestic prices stable compared to international prices.
Government announces interest on small savings interest, check where you are getting more interest