The record-breaking surge in gold prices has dimmed the appeal of the retail jewellery demand. The drop in gold imports in January also indicates the pullback in demand.
Gold prices have been on a strong upward trend in 2025, with analysts predicting that the metal could touch USD 3,000 per ounce by the second quarter of the year.
Demand for safe-haven asset gold is on the rise at a time when there's a lot of uncertainty surrounding the US trade policy because of the Trump administration's aggressive reciprocal tariffs.
Gold has witnessed a consistent upward trend since the beginning of February. On February 1, the price of 22K gold was Rs7,760 per gram, while 24K gold stood at Rs8,464 per gram.
Pune (Maharashtra) [India], February 10: Gold prices fluctuate daily, creating opportunities for investors and gold owners to maximise their returns. Keeping track of the gold rate today allows individuals to make informed financial decisions, whether purchasing, selling, or leveraging gold
This surge was driven primarily by strong central bank purchases and increased investment demand. The combination of record-breaking gold prices and high volumes resulted in an all-time high total value of demand, reaching USD 382 billion.
Pune (Maharashtra) [India], January 28: Gold has always been a cornerstone of Indian culture, symbolising prosperity and financial security. Whether for weddings or investments, this precious metal holds a significant place in every Indian household. However, daily fluctuations in gold price
The stock market volatilities have boost the investments in the gold Exchange Traded Funds (ETFs) in India, as the country witnessed its eighth consecutive month of inflows into ETFs in December 2024, the world Gold Council (WGC) stated in its commentary.
The rally in gold prices was marked by key milestones. On July 18, prices touched Rs 76,410 per 10 grams, followed by another sharp rise to Rs 81,740 on October 31, driven by global inflation concerns, currency fluctuations, and the ongoing trend of de-dollarization.
The gold market remained upbeat throughout the year 2024, accumulating handsome gains for the yellow metal investors, and it is expected that the precious metal will shine going into the New Year.
The robust growth forecast follows an impressive 18 per cent expansion in FY2024, which was primarily driven by rising gold prices despite subdued volume growth. The sharp 900 basis points reduction in import duty on gold, implemented in July 2024, temporarily lowered gold prices, spurring p