Gold prices may hit Rs 90,000 per 10 gram in 2025

Yellow metal hit an all-time high of Rs 82,400 per 10 grams on October 30, silver too gained 30%, surpassing Rs 1 lakh-per kg

New Delhi: 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.

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 depreciating rupee.

---

Gold price is hovering at Rs 79,350 per 10 grams in spot markets at present, and Rs 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 per cent returns in the domestic markets.

The yellow metal hit an all-time high of Rs 82,400 per 10 grams on October 30 this year. Silver mirrored this stellar performance with a 30 per cent gain, surpassing the Rs 1 lakh level per kg level.

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

Experts believe that precious metals remain strong performers in 2025 as well, buoyed by geopolitical tensions, central bank purchases, and a pivot towards lower interest rates by major central banks.

The outlook for gold in 2025 remains positive, though the pace of growth may moderate compared to 2024, LKP Securities VP Research Analyst – Commodity and Currency, Jateen Trivedi said. “Domestic gold prices are expected to reach Rs 85,000 as modest targets, with a best-case scenario of Rs 90,000 and silver expected to deliver bit higher gains towards Rs 1.1 lakh on modest and even hit Rs 1.25 lakh, if geopolitical tensions persist or escalate,” he said.