Gold Prices May Hit ₹90,000 in 2025 on Global Cues

Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.

- Press Trust of India

NEW DELHI:

Also aiding the run is a dovish tilt in monetary policy and buying by central banks, but if the geopolitical crisis eases, the precious metal will turn weak on the depreciating rupee.

Gold price is hovering at ₹79,350 per 10 grams in spot markets at present, and ₹76,600 per 10 grams in futures trade on the Multi Commodity Exchange (MCX).

The precious metal capped off 2024 on a strong note with its best performance, notching 23% returns in the domestic markets. The yellow metal hit an all-time high of ₹82,400 per 10 grams on October 30 this year. Silver mirrored this stellar performance with a 30% gain, surpassing the ₹1 lakh level per kg level.

Globally, Comex gold futures started the year at around $2,062 per ounce and rallied to a peak of $2,790 per ounce on October 31, giving returns of up to 28%, reinforcing their appeal amid global uncertainties.