GOLD PRICE IN INDIA TODAY
AS of March 29, 2025, gold prices in India have touched all-time highs, showing a steep rise in the international market. The Indian 24-carat gold rate has crossed ₹91,000, a record in the country's history.
Gadgets 360
+2
Goodreturns
+2
ABP Live
+2
Current Gold Rates in India:
24-Carat Gold: ₹91,200 per 10 grams
Goodreturns
+1
ABP Live
+1
22-Carat Gold: ₹83,600 per 10 grams
New Kerala
+2
Goodreturns
+2
Gadgets 360
+2
18-Carat Gold: ₹68,400 per 10 grams
Goodreturns
+1
New Kerala
+1
Reasons Behind the Rise:
Global Economic Uncertainties: Rising tensions in global trade and geopolitics have boosted gold demand as an ultimate safe-haven. Buyers are turning to gold as insurance against a global economic downturn.
Monetary Policy Expectations: Surprisingly resilient economic releases like the February Personal Consumption Expenditures (PCE) index have set expectations high that top central banks like the U.S. Federal Reserve might lower their interest rates soon. Expectations like these should support gold prices.
Currency Movements: The US dollar index has fallen to a three-month low, making gold favorably priced for investors who own other currencies. This depreciation favors higher prices of gold worldwide.
Goodreturns
Regional Differences in Gold Prices:
Gold prices differ from one city to another based on local taxes, demand, and other conditions. For example:
Delhi: 24-carat gold costs ₹91,350 per 10 grams, and 22-carat gold costs ₹83,750 per 10 grams.
Goodreturns
+6
AP News Updates
+6
Goodreturns
+6
Mumbai: 24-carat gold is around ₹93,487 per 10 grams and 22-carat gold around ₹93,863 per 10 grams.
AP News Updates
+3
Goodreturns
+3
ABP Live
+3
Outlook for Gold Prices
Analysts foresee gold prices to follow their rising path during the first half of 2025. ICICI Bank has projected prices to range between ₹87,000 and ₹90,000 for every 10 grams during this time based on U.S. tariff measures and possible Federal Reserve rate reductions.
New Kerala
Major banks across the world also anticipate gold's bull run to continue, attributing higher ETF inflows and potential interest rate cuts from central banks as the prime drivers. Goldman Sachs, for example, sees gold at $2,900 per ounce in early 2025, aided by central bank buying and ETF flow rise after Fed rate reductions.
Reuters
Investment Considerations:
In case investors are contemplating gold as a class of assets, it is important to be aware of the various purities:
24-Carat Gold: This is pure gold (99.9% pure), which can be invested in bars or coins.
Gadgets 360
22-Carat Gold: It is 91.6% gold, which is mostly used for jewelry because of the balance of purity and toughness.
Gadgets 360
18-Carat Gold: It has 75% gold, used for expensive jewelry.
Conclusion
The surge in gold prices reflects a complex interplay of global economic factors, including trade tensions, monetary policies, and currency movements. As gold continues to be a favored investment during uncertain times, staying informed about these factors can aid investors in making well-informed decisions.
0 Comments