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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Gold price at Rs 90,000 isn't the end of nightmare for your budget. Set to soar to....
According to a report by ICICI Bank Global Markets, gold prices could touch Rs 87,000 to Rs 90,000 per 10 grams in the first half of 2025, driven by global economic uncertainties and US tariff policies. They could rise even further to Rs 96,000 per 10 grams in the latter half of 2025, as per the analysts.
«Going forward, local gold prices are expected to trade with an upside bias in the ₹87,000 per ten grams to Rs 90,000 per ten grams range in 1H2025 and moving to the Rs 94,000 per ten grams to Rs 96,000 per ten grams range in 2H2025,» the report said.
In India, gold is not just an investment but an integral part of cultural traditions, particularly during weddings and festivals. The recent rise in prices has left jewellery buyers hesitant, even as investment demand remains strong.
The ICICI Bank report also highlights this trend, noting that jewellery demand has been affected. «Elevated levels of gold prices appear to be weighing on jewellery demand, which worked to pull gold imports to their lowest level in the past 11 months, at USD 2.3 billion, reflecting a 14 per cent MoM decline and a 63 per cent YoY decline.»
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While jewellery purchases have slowed, investments in gold remain steady, with ETFs and central banks playing a crucial role. According to the report, «Gold ETFs recorded inflows to the tune of ₹19.8 billion in February 2025, above the average net inflow of ₹14.8 billion recorded in the preceding nine months.»
Moreover, central banks are expected to continue increasing their gold
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