Gold prices could rise significantly higher to a record high of USD 6,600 per ounce if the ongoing bull run continues, according to a report by Jefferies.
Gold prices touched fresh highs on Wednesday, holding above the one lakh mark despite a marginal fall in the domestic market. At the time of filing, gold rates stood at Rs 1,09,440 for 10 grams of 24 karat gold, according to India Bullion rates.
Gold futures breached the USD 3,600 per ounce mark on Monday, marking their fresh all-time high, on expectations that the US Federal Reserve will cut the key policy rate.
Indian gold prices are expected to continue rising, trading in the range of Rs 99,500 to Rs 110,000 per ten grams over the rest of 2025, and moving higher to Rs 110,000 to Rs 125,000 in the first half of 2026, according to a research note by ICICI Bank's Economic Research Group.
Gold prices on the Comex exchange are projected to climb to USD 3,600 per troy ounce by the end of 2025, according to a report by Ventura. The forecast follows a fresh record high of USD 3,534.10 on August 7, surpassing the earlier peak of USD 3,509.90 in April this year.
Globally, gold prices edged up marginally 0.3 per cent in July at USD 3,299, when a stronger US dollar contributed to positive returns in all major currencies, according to World Gold Council.
Current bullion market is focusing on a combination of factors which includes direction of US interest rates, weakness in USD, among many others factors for further guidance, noted a recent report by Emkay Wealth Management.
Pune (Maharashtra) [India], July 10: With gold prices continuing to rise in 2025, Bajaj Markets empowers individuals to unlock the value of their gold through quick and reliable gold loan solutions. In these times, pledging gold jewellery as collateral has become a practical and cost-effecti
Local gold prices in the country are expected to maintain an upside bias in the second half of 2025, potentially moving from the current range of Rs 96,500-Rs 98,500 per 10 grams toward the psychologically significant Rs 1,00,000 mark, according to a report by ICICI Bank Global Markets.
Volatility in gold prices has declined and its response to interest rate hikes has become increasingly asymmetric, signalling a deeper, structural shift in the metal's role in global portfolios, said Llama Research in its June edition.
Gold prices in India breached the Rs 1 lakh per 10-gram mark to reach at an all-time high level on Friday, boosted by the weakness in the domestic currency, and rising safe-haven demand as Israel launched an airstrike on Iran.
Domestic gold jewellery consumption in India is projected to expand by a significant 12-14 per cent in value terms in fiscal year 2026, according to a recent report by ICRA. Gold prices surge by 33 per cent in FY25, ICRA says prices will continue to surge in FY26.