Chandigarh, December 13, 2024 (Punjab Khabarnama Bureau) – According to the latest report of the World Gold Council (WGC), the price of gold has recorded a record increase of 30% in 2024, which is the highest level in the last decade. The report said that this year the price of gold increased by Rs 7,300 per gram by the end of November. According to the WGC, this rise in gold prices globally is mainly due to the purchase of central banks and strong demand from investors.
Will the uptrend continue in 2025?
The trend of gold prices in 2025 will depend on the policies of central banks, global economic uncertainties and investment demand. According to experts, given the current trend, gold may have stability or limited growth, while some analysts are also expecting a possible recession.
Gold Price Outlook in 2025
According to the WGC report, if we look at major factors like GDP, crop yield and inflation, then 2025 will be a positive year for gold. However, there will not be a rise in the price like in 2024. If there is a rise, it will be only on the purchases by central banks around the world. At the same time, the impact of the monetary policy of central banks will also be seen. Apart from this, China’s contribution in the gold market will be important.
Goldman Sachs expects big growth
Goldman Sachs expects gold prices to reach $3,150 an ounce by December 2025, up about 17 percent from current levels. They believe that a large part of this price increase will be driven by high demand from global central banks as well as concerns about US fiscal stability and trade tensions/wars. UBS analysts also expect gold prices to reach $2,900 an ounce by December 2025. Currently, the price of gold in the international market is above $2,72 an ounce. Due to this, the price of gold in the Indian market has crossed Rs 80 per 10 grams.