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Gold price prediction: Gold rate to go up? Here's what analysts say

Gold price prediction: Gold rate to go up? Here's what analysts say

Time of India20-07-2025
Gold price
is set to remain within the ceiling range as
gold rate
closed at $3,358.30 on Friday. There are multiple factors that will drive the bullion price in the upcoming days. Traders will closely watch Fed Chair Jerome Powell's speech and global PMI data from major economies, including the US, UK and Eurozone. The European Central Bank's interest rate decision will also be closely tracked for cues on the bullion price trajectory, analysts said. However, if some factors work in favour of gold price, gold rate will increase.
With the August 1 deadline coming closer, uncertainty around trade talks is likely to support gold's safe-haven demand. Meanwhile, domestic festive demand from August to October is expected to further aid prices, Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said.
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According to NS Ramaswamy, Head of Commodity & CRM at
Ventura
, "If the proper catalysts, such as weaker US dollar, geopolitical risks, robust investor demand, continued central bank purchases materialise, gold could gain another 4-8 per cent in the second half after a strong 26 per cent rise in the first half of 2025".
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China's imports of gold extended declines for a second successive month in June, customs data showed on Sunday. The world's leading gold consumer brought in 63 metric tons of the precious metal last month, the lowest amount since January, data from the General Administration of Customs showed. The June volume was down 36.3 per cent from May when it slid by 21.3 per cent from an 11-month high of 125 metric tons in April. China's imports of platinum in June fell 6.1 per cent from the prior month, Reuters reported.
FAQs
Live Events
Q1. How does Gold perform?
A1. Gold thrives during economic uncertainty, and lower interest rates boost investor demand as it is a non-yielding asset.
Q2. Is Donald Trump planning to fire Fed Chair Jerome Powell?
A2. Earlier this week, U.S. President Donald Trump said he was not planning to fire Fed Chair Jerome Powell but left the option open and again criticized him for not cutting interest rates.
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Small cities, big future: Tier-II & III towns emerge as hotspots for GCC growth in India
Small cities, big future: Tier-II & III towns emerge as hotspots for GCC growth in India

Time of India

time28 minutes ago

  • Time of India

Small cities, big future: Tier-II & III towns emerge as hotspots for GCC growth in India

India 's tier-II and III cities can emerge as hubs of global capability centres (GCC), supported by the government's proposed dedicated framework, incentives from competing states, and a growing ecosystem of enablers that are assisting the GCC setup. Experts say the shift can foster inclusive development, generate jobs beyond traditional hubs, and address the challenges of over-saturation and infrastructure pressures in metro cities. Explore courses from Top Institutes in Please select course: Select a Course Category Management Digital Marketing PGDM Cybersecurity MCA others Data Analytics Degree Technology MBA Operations Management Data Science healthcare Artificial Intelligence Design Thinking Project Management Finance Data Science Others Healthcare Leadership Public Policy CXO Product Management Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details As per industry estimates, India has more than 1,700 GCCs as of FY24, with roughly two new centres being established every week. The sector generates $64.6 billion in revenue and employs about 1.9 million people, with more than 82,000 of these jobs being in tier-II and III cities. Tier-1 cities like Bengaluru, Hyderabad, and Chennai continue to be the primary bases. Emerging cities have around 7% of India's GCCs in 2024, up from 5% in 2019. The government in the February budget announced a framework "as guidance to states for promoting Global Capability Centres in emerging tier 2 cities", focused on enhancing availability of talent and infrastructure, building bylaw reforms, and mechanisms for collaboration with industry. There is also a rise in mid-market firms looking to India to set up GCCs, with over 120 such firms expected over the next year, as per ANSR. Research firm Everest Group expects 75% of the 1,200-1,250 new GCCs in India in the next five years to be small and mid-sized firms. "We are likely to see a convergence between the two trends-tier-2 and tier-3 cities attracting GCCs, and mid-market companies choosing India as a strategic delivery location," said Rohan Lobo, partner, Deloitte. Currently, many mid-market firms are initially gravitating toward established tier-1 hubs due to the comfort of ecosystem maturity, Lobo said. However, there is a growing case for a more distributed approach. Talent and costs Digitally skilled talent in tier-2 cities grew over 25% over the past two years, according to a Nasscom-Zinnov report. These locations also see 20-30% lower attrition compared to the 15.2% attrition in tier-1 hubs. From an operational lens, companies can save around 25% on employment costs by setting up in emerging cities due to lower real estate prices, reduced overheads, and sustainable compensation expectations, the report said. Take silicon to systems design solutions firm Synopsys, for example, which has a GCC in Bhubaneswar. 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"Operating in emerging hubs is not just a cost decision-it's a future-facing growth strategy aligned with our purpose to power economies and empower people," said Rajesh Mani, SVP & head-Asia Pacific technology hubs, Mastercard. "We see these locations as more than satellite offices-they are platforms to embed leadership, shape culture, and decentralise innovation." The Vadodara GCC contributes to several key global solutions that make payments safer, smarter, and more accessible, he said. This includes the Mastercard Digital Enablement Services (MDES) platform, which tokenises card and account numbers to enable secure digital transactions, and the firm's Carbon Calculator. Global engineering and manufacturing companies have established R&D and automation hubs in cities such as Vadodara and Nashik, capitalising on established technical institutes and industry clusters to drive innovation in areas like IoT, process automation, and advanced analytics, said Lobo. Similarly, a US-based SaaS provider set up its first offshore centre in Mysuru, attracted by the city's strong IT education ecosystem and government incentives, and the company reported faster ramp-up times and greater team stability compared to metro peers. In Coimbatore, a global electronics manufacturer is pioneering IoT-enabled, advanced manufacturing and automation practices, while in Salem, a prominent financial services organisation is streamlining operations through intelligent process automation and digital workflows. Policy push Minister for electronics and IT Ashwini Vaishnaw said earlier this month that the government is working on a roadmap to expand GCC presence in tier-2 and 3 cities, with a focus on strengthening industry-academia collaboration to build a talent pipeline. The government is doing a "mapping" exercise to identify the right tie-ups, said a person aware of the developments. The centre is also mulling a model where states can be brought onto a common portal so that GCCs can get the permissions they need quickly. State governments, on their part, have been trying to attract GCCs as well. Last year, Tamil Nadu announced it will incentivise the creation of high paying jobs in new GCCs by providing a payroll subsidy. Karnataka incentivises GCCs to expand beyond metros to cities like Mysuru, Mangaluru, Shivamogga and Hubballi-Dharwad. Uttar Pradesh is the latest to release a GCC policy with sops such as freshers recruitment subsidy and R&D and innovation incentives. "This coordinated approach by various states creates a competitive yet collaborative environment that benefits the entire ecosystem," said Mrinal Duggal , Head of Sanofi GCC (Hyderabad). Establishing GCCs in tier-2 and tier-3 cities would address the infrastructure pressure on metros while creating innovation clusters that can rival traditional tech hubs, Duggal said. Tier-1 cities could pivot toward more specialised, high-value innovation and R&D, further elevating India's global value proposition. Challenges However, unlocking the full potential of tier-2 and 3 locations requires navigating a unique set of structural and ecosystem challenges, said Mani. "While these cities are gaining operational maturity, many continue to face gaps in cloud infrastructure, startup depth, and local R&D capabilities," he said, citing a recent PwC India report. "Inconsistent high-speed connectivity, limited availability of cloud-ready data centres, and uneven regulatory clarity can further impact scalability." The industry meanwhile is calling for rationalisation of safe harbour margins in the transfer pricing regime and plug-and-play infrastructure in tier-2 and 3 locations to help GCCs set up quickly and smoothly. (This article is published in partnership with Deloitte)

Horoscope today 29 July 2025: Moon in Scorpio brings emotional depth, hidden truths, and sharp clarity—are you ready to face what's beneath the surface?
Horoscope today 29 July 2025: Moon in Scorpio brings emotional depth, hidden truths, and sharp clarity—are you ready to face what's beneath the surface?

Time of India

timean hour ago

  • Time of India

Horoscope today 29 July 2025: Moon in Scorpio brings emotional depth, hidden truths, and sharp clarity—are you ready to face what's beneath the surface?

Horoscope today 29 July 2025: As the Moon travels through mysterious and intuitive Scorpio, Horoscope Today 29 July 2025 emphasizes depth, focus, and emotional honesty. It's a powerful day for transformation, letting go, and making calculated decisions. Whether you're a grounded earth sign like Taurus or Virgo, or a curious air sign like Gemini or Aquarius, today's energies push you to think deeper and act wiser. ♈Aries Horoscope Today 29 July 2025 Today, Aries, the Scorpio Moon intensifies your emotional depth. You're in reflection mode, which may feel unfamiliar but necessary. It's a good day to examine patterns around control, jealousy, or trust—especially in close relationships. At work, your strategic thinking is sharp, but avoid revealing too much too soon. Financially, hold off on big moves; clarity is coming soon. Romance may get serious—be honest about your needs. You might reconnect with someone through a deep, vulnerable conversation. Listen more than you speak. Health-wise, focus on hydration and sleep. Inner transformation is underway. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Product Management MBA Artificial Intelligence MCA others Healthcare Others Digital Marketing Technology Finance Design Thinking Degree PGDM Project Management Data Science Management CXO Data Analytics Leadership Cybersecurity Data Science healthcare Operations Management Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details ♉Taurus Horoscope Today 29 July 2025 Taurus, today's Scorpio Moon puts relationships in the spotlight—particularly how you handle emotional give and take. 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Let your heart lead, but with discernment. Live Events ♌Leo Horoscope Today 29 July 2025 Leo, with the Moon activating your home and emotional foundation, today is all about grounding yourself. You may feel nostalgic or pulled into old family issues—handle them with maturity, not ego. It's an ideal day to redecorate or spend time nurturing your living space. Professionally, progress feels slower—use the time to plan, not push. In love, comfort and loyalty matter more than flashy gestures. If something feels off in your relationship, speak up calmly. Financially, a domestic expense might arise—budget wisely. Take time for emotional self-care and journaling tonight. ♍Virgo Horoscope Today 29 July 2025 Virgo, communication is everything today. Mercury sharpens your mental clarity but the Scorpio Moon adds emotional weight to your words—so think before you speak. A heartfelt conversation could clear lingering misunderstandings. 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Don't suppress—observe. At work, background planning works better than taking the lead. Avoid office gossip or overpromising. Your dreams may be vivid and revealing tonight. In love, you may need a moment to recharge emotionally. Meditation, music, or nature can help you feel centered. Trust the process—quiet time leads to major inner clarity. ♑Capricorn Horoscope Today 29 July 2025 Capricorn, your network plays a crucial role today. With the Moon in your 11th house of connections, old colleagues or friends may offer new opportunities. Don't isolate yourself—collaboration is your key to progress now. Financially, group ventures or investments may come up for discussion—research well. You may also feel drawn to causes or communities that align with your values. In love, friendships could shift into something more romantic. Avoid stubbornness if someone challenges your views—listen, adapt, grow. Health-wise, your energy improves when you're socially engaged and mentally stimulated. ♒Aquarius Horoscope Today 29 July 2025 Aquarius, today you're in the spotlight—professionally or socially. The Scorpio Moon fuels your ambition and determination. If you've been working hard toward a goal, results may start to show. Authority figures may either support or scrutinize you—stay composed. A career pivot or opportunity could arise, but don't rush decisions. In relationships, your cool demeanor may be misread as detachment—show warmth where it matters. Your emotional image matters more than you think. Public perception and personal integrity should align. Stay grounded, and your leadership will inspire others. ♓Pisces Horoscope Today 29 July 2025 Pisces, your soul craves expansion today. The Scorpio Moon lights up your 9th house, inspiring you to explore, learn, or even plan travel. Spiritual and philosophical questions stir—follow the signs. A mentor, teacher, or wise friend may offer the exact insight you need. Work feels lighter if it aligns with your purpose. In love, long-distance connections or deep conversations may enrich your bond. Be wary of escapism—face what needs to be faced. Meditation or journaling could bring profound clarity. Your intuition is sharp—listen closely to what it whispers. What to remember from Horoscope Today 29 July 2025? The Scorpio Moon brings a day of truth, renewal, and emotional depth. No matter your sign, you're being guided to confront hidden truths and embrace clarity. Whether you're stepping into leadership like Aquarius or facing inner shadows like Sagittarius, the cosmos is calling you to grow beyond surface-level concerns. Trust yourself. Real change begins from within.

China introduces subsidy to spur population growth
China introduces subsidy to spur population growth

Time of India

timean hour ago

  • Time of India

China introduces subsidy to spur population growth

BEIJING : China announced that it will start handing out childcare subsidies across the nation, in its latest push to boost birthrates after a worrying drop in recent years. The government will spend 3,600 yuan ($502) a year per child under age three, according to the official Xinhua News Agency. The assistance, effective retrospectively from Jan. 1 this year and available regardless of the first-, second- or third-child, is meant as an incentive for young couples wary of rising costs of child-rearing . Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy MCA Management healthcare Degree Cybersecurity Healthcare Leadership Design Thinking Data Science others Data Science Data Analytics Project Management Others Operations Management Digital Marketing MBA Product Management Finance PGDM CXO Artificial Intelligence Technology Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details The policy is expected to benefit more than 20 million families each year, Xinuha reported. China has previously offered tax breaks and has been working to offer more affordable daycare services, it said. The latest measure follows China's population shrinking for a third straight year in 2024. New births at 9.54 million last year was only half of the 18.8 million registered in 2016 when China lifted its one-child policy. Diminishing birthrate is a worry for the world's second-largest economy, where the working-age population has been declining in a threat to labour supply and productivity. The country, which lost its title as the most-populous nation to India in 2023, may see its population drop further to 1.3 billion by 2050 and below 800 million by 2100, according to the UN's demographic modelling. Live Events That outlook stems from the alarming drop in marriage rates .

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