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Comex gold prices poised to reach US$3,600 by year-end amid global uncertainty: Ventura

Gold is projected to hit $3,600 by year-end 2025, says Ventura, driven by geopolitical tensions, ETF inflows, central bank buying, and India’s record digital gold investment growth.

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According to Ventura, a leading full-service stock broking platform, Gold prices are expected to remain elevated in the second half of 2025. This is supported by macroeconomic headwinds, geopolitical tensions, and robust investment demand. Ventura expects Comex Gold to touch US$3,600 by year-end, after hitting a record high of US$3,534.10 on August 7, 2025, surpassing the previous peak of US$3,509.90 set in April 2025. 

Over the past 20 years, gold has delivered positive annual returns in 14 calendar years, reinforcing its status as a proven store of value and a hedge against inflation. Recent performance underscores its resilience, with average annual returns of 23% over the last three years compared to 11% for the Nifty 50. In volatile market conditions, gold’s negative correlation to equities has provided effective diversification, cushioning portfolio losses during sell-offs while participating in upswings.

India’s Gold ETF Market Witnesses Record Growth India’s gold ETF holdings rose 42% year-on-year to 66.68 tons as of June 30, 2025, with AUM surging 88% to Rs 64,777 crore. The number of investor accounts expanded 41% to 76.54 lakh, reflecting growing preference for digital gold investments. This shift from traditional jewelry ownership to tech-enabled investment channels is being driven by Gen Z investors, fractional ownership models, and the influence of social media and fintech innovations. 

NS Ramaswamy, Head of Commodities, Ventura, said: “Gold’s strategic role in portfolios has strengthened as investors navigate an era of slower global growth, policy uncertainty, and elevated geopolitical risks. With inflationary pressures, a softening US dollar, and anticipated US Fed rate cuts, we see sustained upside potential in gold prices through the remainder of 2025. Our analysis indicates COMEX Gold could test the $3,600 mark by year-end, supported by strong ETF inflows, steady central bank buying, and robust retail participation in India’s gold investment market.”

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Van Cleef & Arpels Gives Its Iconic Alhambra a Pink Enamel Makeover

The Maison Introduces Five New Alhambra Creations Featuring Translucent Pink Enamel and Yellow Gold

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Van Cleef & Arpels has unveiled a vibrant new chapter for its iconic Alhambra collection, introducing translucent pink enamel to the signature four-leaf clover motif for the first time. The new creations combine the Maison’s emblem of luck with yellow gold, bringing a fresh, contemporary expression to the enduring design.

The new five-piece selection comprises a Vintage Alhambra pendant, five-motif bracelet, 10-motif necklace, 20-motif long necklace and Magic Alhambra two-motif earrings. The earrings additionally feature guilloché yellow gold, adding texture and contrast to the pink enamel.

The distinctive pink is the result of several years of research at Van Cleef & Arpels’ enamel workshops. Inspired by the historic 17th-century “gold-ruby” technique, the colour is created using fine particles of gold rather than traditional pigments. Carefully controlled particle size, shape and concentration produce the desired translucent hue.

Adding to its visual depth, the enamel contains tiny bubbles, giving each Alhambra motif a distinctive character while creating subtle variations as the surface catches and reflects light. The motifs are framed by the Maison’s signature gold beaded contours, further enhancing the interplay between the pink enamel and yellow gold.

Since its debut in 1968, Alhambra has continually evolved through different stones, materials and colours while retaining its instantly recognisable four-leaf clover silhouette. The introduction of enamel marks another significant step in that evolution, bringing together heritage craftsmanship, technical innovation and contemporary colour.

With its new pink interpretation, Van Cleef & Arpels continues to reinvent one of jewellery’s most recognisable motifs, demonstrating how traditional savoir-faire can give a familiar icon an entirely new expression.

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