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 prices rise on renewed sense of confidence among investors
The allure of gold continues to intensify as prices in Delhi ascend for the third consecutive day. In a display of sustained momentum, Delhi’s bullion market saw rates climb to Rs.15,752 per 10 grams, marking an incremental rise of Rs.88 as the metal edges closer to the psychological threshold of Rs.15,800.Driven by a blend of optimistic market sentiment and steadfast demand, this recovery rally has permeated major urban hubs across the nation.
The upward trajectory of gold continues to reshape the landscape across India’s major metropolitan hubs. In Delhi, the price for 24K pure gold has reached Rs.15,752, with 22K and 18K variants following at Rs.14,439 and Rs.11,814, respectively. Mumbai’s market reflects a similar strength, trading 24K at Rs.15,740, 22K at Rs.14,428, and 18K at Rs.11,805.
The current trajectory suggests a robust appetite for the precious metal. Analysts attribute this three-session winning streak to persistent purchasing power and a renewed sense of confidence among investors. As the rally extends, all eyes remain on the global cues that may push the capital’s rates beyond the looming Rs.15,800 milestone.
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