Gold prices have experienced a significant surge recently, reaching unprecedented levels both globally and in India.
Recent Trends:
Global Market: As of March 15, 2025, gold prices surpassed $3,000 per ounce, setting a new all-time high.
Indian Market: Domestically, gold prices hit a record ₹86,875 per 10 grams on March 13, 2025. This surge has led to a decrease in consumer demand, with dealers offering discounts of up to $41 per ounce to attract buyers.
Factors Influencing the Surge:
Central Bank Purchases: Countries like Russia, China, and India have increased gold reserves to reduce dependence on the US dollar, contributing to the price rally.
Latest news & breaking headlines
Economic Uncertainty: Concerns over global economic stability have driven investors toward gold as a safe-haven asset.
Future Outlook:
Price Forecasts: Analysts predict that gold prices in India could reach ₹89,960 per 10 grams by the end of 2025. Goldman Sachs forecasts global gold prices to hit $2,700 per ounce by early 2025, reflecting an 8% premium over current prices.
Demand Trends: The World Gold Council anticipates a moderation in India's gold consumption due to high prices, projecting demand between 700 and 800 tonnes in 2025, down from 802.8 tonnes in the previous year.
Recent Trends:
Global Market: As of March 15, 2025, gold prices surpassed $3,000 per ounce, setting a new all-time high.
Indian Market: Domestically, gold prices hit a record ₹86,875 per 10 grams on March 13, 2025. This surge has led to a decrease in consumer demand, with dealers offering discounts of up to $41 per ounce to attract buyers.
Factors Influencing the Surge:
Central Bank Purchases: Countries like Russia, China, and India have increased gold reserves to reduce dependence on the US dollar, contributing to the price rally.
Latest news & breaking headlines
Economic Uncertainty: Concerns over global economic stability have driven investors toward gold as a safe-haven asset.
Future Outlook:
Price Forecasts: Analysts predict that gold prices in India could reach ₹89,960 per 10 grams by the end of 2025. Goldman Sachs forecasts global gold prices to hit $2,700 per ounce by early 2025, reflecting an 8% premium over current prices.
Demand Trends: The World Gold Council anticipates a moderation in India's gold consumption due to high prices, projecting demand between 700 and 800 tonnes in 2025, down from 802.8 tonnes in the previous year.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.