Gold Price Today: The year 2024 was great for investors from the stock market to gold. In 2024, gold gave the highest return in the last 10 years. It registered an annual increase of 26% during this period. The reason behind this was the purchase of gold by central banks, geo-political tension and the plan to reduce interest rates by global central banks (including RBI). In the year 2024, the price of gold crossed the level of Rs 80,000 per 10 grams. But due to the policy of the US Federal Reserve (Fed), the rise in it stopped.

Gold and silver prices expected to remain strong in the new year

According to https://ibjarates.com/, it closed at Rs 76,162 per 10 grams on December 31. This is about 5% less than gold's all-time high level of Rs 80,282. The returns from gold and silver in 2024 have increased the importance of both metals in the portfolio. With expectations of reduction in inflation, geo-political risk and changes in monetary policy, gold and silver are expected to remain strong in 2025 as well. Experts hope that as a safe investment, the price of gold will continue to break records in the new year and it can reach Rs 85,000 per 10 grams.

Gold can cross the level of Rs 90,000.
Amidst geo-political tension and global economic uncertainty, it can cross the record level of Rs 90,000 in the domestic market. Its prices will increase due to soft stance in monetary policy and purchases by central banks. However, when the geo-political tension subsides, the fall in rupee will stop, which can lead to a decline in the price of gold. Currently, the rate of gold in the spot market is Rs 79,350 per 10 grams and in futures trading on MCX, it is running at Rs 76,600 per 10 grams.

Silver price will set a record again
The price of gold reached an all-time high of Rs 82,400 per 10 grams on October 30 this year. Silver was also not far behind and it crossed the level of Rs 1 lakh per kg. Experts say that due to geo-political tension, central bank purchases and interest rate reduction by major central banks, the price of gold will continue to set records in 2025 as well. Research analyst Jatin Trivedi, Vice President of LKP Securities, said that there is a positive trend regarding gold in 2025. However, the rise may be less compared to 2024.

Silver will reach close to Rs 1.25 lakh!
Jatin Trivedi said, 'The price of gold is expected to reach Rs 85,000 in the domestic market. In a good situation, it can also reach Rs 90,000. If the geo-political tension continues or increases, then the silver rate can reach Rs 1.1 lakh or even Rs 1.25 lakh with a slight increase. Trivedi said that the interest rate cycle is important because low interest rates will bring cash to the markets and the US dollar will weaken, which will boost gold prices.

Gyanshekhar Tyagarajan, co-founder and CEO of Comtrends Research, said gold prices are struggling to maintain momentum. He said a slowdown is forecast for gold in the first half of 2025. Rahul Kalantri, Vice President, Commodities, Mehta Equities Ltd, said gold jewellery consumption will grow by 17 per cent in 2024, mainly due to fluctuations in gold prices as well as festive and wedding-related demand.