Gold Price Forecast: Experts Predict Further Surge Amid Rising Trade Tensions
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Gold Rates Prediction: Gold prices hit new highs, surpassing Rs 1 lakh, driven by global instability, a weak dollar, and demand for safe-haven assets. Experts predict further rises
Gold Rates Prediction: Gold prices in India have soared to new highs this week, with retail rates crossing the Rs 1 lakh mark. This surge is attributed to global economic instability, a weakening dollar, and increased demand for safe-haven assets, which have piqued the interest of retail investors, institutions, and financial experts.
The continued purchasing by central banks, persistent inflation risks, and escalating geopolitical tensions have all contributed to gold's resurgence as a trusted store of value.
Weakening U.S. Dollar: The falling dollar has made gold more attractive as a global store of value.
Geopolitical Tensions: Ongoing uncertainties such as the U.S.-China trade war and fiscal imbalances in developed economies are pushing investors towards gold.
Central Bank Demand and Inflation Hedge: According to Tata Mutual Fund, central bank purchases, anticipated rate cuts, and inflation concerns are driving the sustained rise in gold prices.
Uday Kotak, Founder and Director of Kotak Mahindra Bank, commended Indian housewives for their enduring faith in gold as a dependable store of value. He remarked, 'The performance of gold over time demonstrates that the Indian housewife is the smartest fund manager in the world." Kotak also suggested that governments and central banks could learn from India, a consistent importer of gold.
Robert Kiyosaki, the author of 'Rich Dad Poor Dad,' has made a bold prediction about the future price of gold. He took to X (formerly Twitter) to discuss the current economic situation, suggesting that the U.S. is on the brink of a depression, which he views as a significant opportunity.
Kiyosaki noted that credit card debt and U.S. national debt are at record levels, unemployment is rising, retirement funds are losing value, and pensions are under threat. Referring to his previous works, he urged immediate action, warning that it might soon be too late. He predicts gold will exceed $30,000 by 2035 and recommends investing in gold, silver, and Bitcoin, forecasting that silver could reach $3,000 and Bitcoin $1 million by 2030.
Jürg Kiener of Swiss Asia Capital supports this view, anticipating a continued upward trend in gold prices. He expects initial fluctuations, with prices settling between $2,800 and $2,900 per ounce, and predicts gold could reach $3,500 per ounce by July 2025, with a potential rise to $8,000 per ounce in the next five years.
Several global financial institutions have revised their gold forecasts upwards recently. According to the Economic Times, Goldman Sachs now anticipates gold reaching $3,700 per troy ounce by year-end, while UBS forecasts gold at $3,500 per ounce, citing continued safe-haven demand. Bank of America predicts an average price of $3,063 per ounce, with a potential upside to $3,500 due to heightened geopolitical risk premiums.
Tata Mutual Fund highlighted strong ETF inflows, indicating ongoing institutional interest. The fund house sees a firm outlook for gold in the medium term, supported by sustained central bank purchases, expectations of global interest rate cuts, a weakening dollar, and continued economic and geopolitical uncertainty, including tariff-related tensions, Economic Times reported. However, short-term corrections are also possible, as gold has surged more than 25% in the past six weeks, and such sharp rallies historically consolidate over a 3–5 month window.
Commodity expert Manoj Kumar Jain of Prithvifinmart Commodity Research advises against short selling in gold for now. As per the Economic Times report, Colin Shah, MD of Kama Jewelry, noted that domestically, gold prices tend to rise slightly around festive seasons like Akshaya Tritiya due to increased demand, driven by the cultural and sentimental value of investing in gold on auspicious occasions.
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