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.
Esta historia es de la edición January 01, 2025 de Financial Express Kochi.
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Esta historia es de la edición January 01, 2025 de Financial Express Kochi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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