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
Gold, Silver Futures Display Cautious Sentiment
​In international trade, Spot Gold Hovered Near $4,150 Per Ounce, and Spot Silver Stayed Below $61 Per Ounce. Upward Momentum Remained Capped As The US Dollar Index Reached A 18-Month High
Domestic bullion prices held steady with a mild upward bias on Tuesday as investors turned their attention to upcoming US inflation metrics. On the MCX, gold hovered near Rs 1.50 lakh per 10 grams, while silver traded close to Rs 2.23 lakh per kg, echoing cautious sentiment across global markets.
​In international trade, spot gold hovered near $4,150 per ounce, and spot silver stayed below $61 per ounce. Upward momentum remained capped as the US Dollar Index reached a 18-month high of 102.5, buoyed by safe-haven demand amid escalating geopolitical friction in the Middle East and Eastern Europe. Elevated crude oil prices—with Brent holding above $105 per barrel despite a 1% intraday dip—further compounded broader market inflation concerns.
​Market participants are now eyeing the US Consumer Price Index (CPI) report scheduled for release on Wednesday, followed by Producer Price Index (PPI) figures on Thursday. Ahead of the data, investors are pricing in an 80% likelihood of the Federal Reserve holding interest rates steady this month, with a nearly 88% chance of a rate hike priced in for December.
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