Mumbai, Oct 13 – Gold looks set to keep rising through 2025, with analysts saying the metal could hit about Rs 1.3 lakh per 10 grams on Dhanteras and even reach Rs 1.5 lakh by early 2026.
The price boost comes from a mix of global worries, big central‑bank purchases and hopes that interest rates will drop soon. “Strong buying from banks and ETFs, even at record levels, combined with shaky confidence in paper money and expectations of lower rates, will keep gold prices high,” market experts said.
On the Multi Commodity Exchange (MCX), the December gold contract already topped Rs 1,22,284 for 10 grams this week. Analysts point to worldwide economic uncertainty, geopolitical frictions, and rising expectations for US Fed rate cuts as the main drivers. A weaker US dollar has also made gold cheaper for investors holding other currencies, adding to demand.
Monday’s trading saw gold up 1.62 percent, hitting Rs 1,23,313 per 10 grams, while silver climbed 3.44 percent to Rs 1,51,577 per kilogram. Globally, spot gold hit a record high above $4,060 per ounce on Friday, its eighth straight weekly gain, and silver edged closer to $51 per ounce.
The latest rally follows sharp trade talk between the United States and China. China urged the US to stop threatening new tariffs and return to negotiations, warning of retaliation. Meanwhile, US President Donald Trump, who had earlier threatened 100 percent tariffs on Chinese goods, appeared to ease his stance in recent remarks.
With the festive season approaching and economic headlines still shaky, investors are turning to gold as a safe haven, and prices are showing no signs of slowing.
Source: ianslive
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