Gold prices have been surging in 2025, breaking records every day during the Parvan season. The price of silver has also reached its highest level, increasing by Rs 19,000 in just five days.
Key Highlights
- Gold Price Increase: 22-carat gold prices have risen by Rs 5,600 per 10 grams, while 24-carat gold prices have increased by Rs 6,120.
- Silver Price Surge: Silver prices have reached Rs 1,23,977 per kg, a significant increase of Rs 19,000 in just five days.
- Expert Predictions: Experts predict that gold prices may cross Rs 1.5 lakh by Diwali next year, with Goldman Sachs forecasting gold to reach $4,525 per ounce by the end of 2025.
Reasons Behind the Price Hike
- Central Bank Purchases: Countries are adding more gold to their reserves, reducing dependence on the US dollar.
- Safe-Haven Demand: Investors are turning to gold amid stock market volatility and uncertain bond yields.
- Global Instability: US Federal Reserve's interest rate cut and concerns about its independence have fueled gold's rise.
Investment Advice
- Long-Term Option: Experts recommend gold as a viable long-term investment option.
- Digital Gold: Digital gold and gold ETFs are considered more practical and secure than physical gold, eliminating storage and production charges.
The surge in gold prices is expected to continue, with experts predicting new highs in 2026.