Gold showed a boom on 17 June. Spot gold was seen in the international market. The reason for this is the fight between Israel and Iran. However, there is a decline in US gold futures. In India too, Gold Futures in MCX were in red mark. Spot gold rose 0.3 per cent to $ 3,392.29 an ounce. The US Gold Futures fell 0.2 per cent to $ 3,410 an ounce. Gold futures in MCX were dropped by 0.4 per cent at Rs 99,143 per 10 grams at 12:45 pm. Meanwhile, the city report feared a major decline in gold.
City predicts a big fall in gold
Citi Research Done Gold A report has been presented on. It said that after the prices reach a new height, the speed of gold will slow down. He has said that demand in gold is going to be weak in terms of further investment. The possibilities will also be better for the growth of global economy. On the other hand, the reduction in interest rate of the US central bank Federal Reserve will also affect gold. Due to all these reasons, the glow of gold will slow down.
Gold can go up to $ 2,500 next year
City reports said that gold prices will fall below $ 3,000 an ounce in the next few quarters. It has predicted gold prices to be $ 2,500-2,700 an ounce in the second half of 2026. This is poor news for gold investors. The reason for this is that in the last 1-2 years, there has been a huge rise in the prices of gold. To take advantage of this, retail investors have increased investment in gold. The speed trend in gold can be gauged from the fact that in 2025 gold has risen 30 percent so far. No other asset class has given so much return during this period.
Also read: Gold Rate Today: Gold became cheaper today, know what was the rate on Tuesday 17 June
Short term may fall in gold
Commodity market expert Anuj Gupta said that there may be a big correction in gold. The big reason for this is that there has been a lot of purchases in gold. Apart from this, demand is also weak. Due to these reasons, gold may fall in the short term. Gold saw a major decline on 16 June. Iran had expressed a desire not to continue a fight with Israel. After this, gold prices fell. Gold fell more than 1 percent in the international market. Moneycontrol is constantly telling its readers that if there is a struggle between Iran and Israel soon, the pressure on gold may increase.