National News
Gold and Silver Prices Set to Surge in 2025- Gold Could Reach Rs 90000
Gold prices in India surged by 21% in 2024, driven by central bank policies, geopolitical risks, and strong global demand. As of January 1, 2025, gold prices were Rs 78,000 per 10 grams for 24K, with predictions pointing towards a rise to Rs 85,000-90,000 in 2025. While gold outperformed other commodities in 2024, experts recommend a “buy-on-dips” strategy for investors, as prices may consolidate before further gains. Geopolitical tensions and central bank actions will continue to support the demand for gold and silver.
Silver also saw impressive gains in 2024, with prices expected to reach Rs 1.1-1.25 lakh per kg, fueled by industrial and investment demand. Experts like Manav Modi from Motilal Oswal Financial Services maintain a positive outlook for both metals in the medium to long term, forecasting potential price growth even amid market fluctuations. However, while Rs 1 lakh for gold is considered optimistic, extreme economic conditions could push it towards that mark.
National News
Domestic Gold Futures Decline On Weak Spot Demand and A Stronger US Dollar
International bullion remains on track for a positive monthly close.Geopolitical tensions, safe-haven interest, and US interest-rate expectations continue to floor global prices.
Domestic gold futures dipped to Rs. 1,44,022 per 10g under pressure from weak spot demand and a stronger US dollar. In contrast, physical spot gold in Delhi’s retail market edged up by Rs. 300 to reach Rs. 1,48,300 per 10g, bolstered by fresh buying from retailers and jewellers. Meanwhile, domestic silver (inclusive of taxes) held firm and unchanged at Rs. 2,24,700 per kg, reflecting range-bound trading amid mixed market cues.
Domestic Strength vs. Futures Pressure
- Spot Demand Near Highs: Domestic physical gold hovered near record levels, getting a boost from fresh retail purchases and jeweller demand in Delhi.
- Futures Soften: MCX/Domestic futures experienced downward pressure driven by a stronger US dollar and localized spot weakness.
2. Global Bullion Dynamics
- First Monthly Gain in 5 Months: Despite mild profit-taking, international bullion remains on track for a positive monthly close.
- Core Support: Geopolitical tensions, safe-haven interest, and US interest-rate expectations continue to floor global prices.
3. Macro Headwinds: Crude Oil & US Data
- Crude Oil Rebound: Rising Brent and WTI prices revived broader inflation worries, dampening investor risk appetite for gold and capping upside potential.
- Fed Rate Triggers: Markets are sitting tight ahead of crucial US economic indicators, specifically consumer sentiment, inflation expectations, and employment cost data.
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