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
Bullion Outlook Stays Bullish; Silver Seen Cheaper Than Gold
Renewed Buying In Precious Metals, A Softer US Dollar and Easing Inflation Concerns Have Supported The Latest Recovery
Gold and silver extended their gains on Friday, keeping the bullion outlook firmly positive, with analysts viewing silver as relatively cheaper than gold and offering further upside potential.
On the MCX, gold rose Rs 324, or 0.20%, to Rs 1,59,320 per 10 grams, after touching an intraday high of Rs 1,59,741. Silver climbed Rs 2,699, or 1.12%, to Rs 2,43,350 per kg, hitting a high of Rs 2,44,950. Silver also staged a strong recovery from its intraday low of Rs 2,39,049.
renewed buying in precious metals, a softer US dollar and easing inflation concerns have supported the latest recovery. Lower crude oil prices have reduced fears of further US Federal Reserve rate hikes, while continued central-bank gold purchases and ETF inflows are adding strength to the market.
Market participants will now closely track US Fed commentary, including Chair Kevin Warsh’s remarks at the Jackson Hole Symposium, for cues on the future interest-rate path.
With gold near record-high levels, analysts see silver as relatively undervalued, keeping the white metal firmly on investors’ radar.
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