Gold prices rallied past the $3,100 per ounce level, reaching an all-time high of $3,106.50 as investors flocked to safe-haven assets on mounting anxiety over U.S. tariffs under President Trump and broader geopolitical instability clouding the global economic outlook in early 2025.
The precious metal has gained over 18% this year, reflecting its appeal as a hedge against global uncertainties, inflation, and potential economic disruptions. Earlier in the month, it broke the psychological barrier of $3,000 per ounce, signaling heightened investor anxiety.
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Gold prices are climbing and banks and analysts have revised their forecasts in an upward direction. ICICI Bank Global Markets has forecasted that gold may touch ₹87,000 to ₹90,000 per 10 grams in the first half of 2025 due to persistent global volatility and protectionist policies.
The rally could extend into the second half of 2025, with Indian gold prices potentially reaching ₹94,000 to ₹96,000 per 10 grams. Factors such as inflation, geopolitical tensions, and economic concerns are expected to continue supporting bullion’s bullish trend.
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Gold remains deeply ingrained in Indian culture and is especially important during weddings and festivals. Some jewelry buyers have been deterred by higher prices, but investment demand has remained strong amidst growing financial uncertainty and long-term wealth preservation needs.
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