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
MCX Gold Sees Slight Decline Driven By A Firming US Dollar Index
The Dip In Domestic Gold Prices Reflects Broader Pressure Across Precious Metals Globally As Bullion Markets Adjust To International Currency Dynamics
Gold futures contracts trading on the Multi Commodity Exchange of India (MCX) registered a slight decline during Wednesday’s trading session, driven by a firming US dollar index and ongoing investor caution ahead of key global macroeconomic releases.
The MCX Gold December futures contract was quoted at Rs 1,48,274 per 10 grams, down Rs 1,269 or 0.85% from its previous close.Â
The dip in domestic gold prices reflects broader pressure across precious metals globally as bullion markets adjust to international currency dynamics.
​Firm US Dollar: Strength in the US Dollar Index continues to make dollar-denominated commodities more expensive for international buyers, weighing on sentiment across major commodity exchanges.
​Macroeconomic Data Expectations: Market participants are adopting a cautious stance ahead of upcoming international inflation data and macroeconomic policy signals, which are expected to shape near-term central bank monetary stances.
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