THE SAFE-HAVEN GOLD is expected to keep shining in 2025, but faces a two-way risk that could dim its sheen.
An easing interest rate cycle and ongoing geopolitical tensions could aid the precious metal's rally to even ₹90,000 levels, but if central banks turn hawkish or geopolitical fears ease, investors may move to riskier assets.
Gold delivered 20.6% returns in 2024, closing at ₹75,746 per 10 grams in the futures trade on the Multi Commodity Exchange of India (MCX).
The price has tapered slightly from its peak of ₹79,362 after uncertainties surrounding the US presidential election outcome have subsided.
Prices in the international market have also come down with the spot gold on COMEX hovering around $2,624.50 per ounce, down from $2,801.8 per ounce in October.
This story is from the January 01, 2025 edition of Financial Express Ahmedabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 01, 2025 edition of Financial Express Ahmedabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Police found 19 fingerprints at Saif's house, to match with accused
Following the attack on actor Saif Ali Khan, the Mumbai Police found 19 fingerprints at his house that are suspected to be of the attacker, said sources.
Shock-proofing the UK economy
Rather than view recent market volatility negatively, the govt has a chance to frame it as a moment to improve public understanding of what it is doing
RG Kar case 'not rarest of rare'; life term for convict
A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.
OMCs to register strong Q3FY25 earnings
Positive Outlook
On Day 2 of ceasefire, Gazans search for people under rubble
PALESTINIANS BEGAN SEARCHING on Monday for thousands of Gazans believed still buried under rubble, as residents expressed shock at the devastation wrought by 15 months of war on the enclave on the second day of a ceasefire between Israel and Hamas.
Bachchan's ₹83-crore deal: Mumbai property market sizzles again
Stars Heating Up City Realty
Telcos seek tax exemption on AGR dues
Run-up to the Budget 2025-26
IT firms see shift to shorter deal cycles
CHANGE REFLECTS RAPID TECHNOLOGICAL ADVANCEMENTS
Q-comm boom leaves brands in queues
This has made their evaluation and onboarding processes more stringent.
Dixon Lines Up $3-bn Display Fab Unit
Lall said it is a high EBITDA margin business for the company.
