The latest report from Goldman Sachs claims that gold prices may set a new rising record in 2025 and also says that the recent drop in gold price has provided an excellent opportunity to invest in it.
The renowned global investment firm Goldman Sachs has described 2025 as a historic year for gold and has predicted that gold prices may reach a new high in 2025. In this report it is estimated that gold will reach the level of 3 thousand dollars per year. ounce in December 2025. By the way, if gold reaches $3,000 per ounce in the international market, then the price of gold in the Indian market may go up to Rs 1 lakh.
gold condition in indian market
Currently, the price of 24 carat gold in the Indian market is around Rs 77,000 per 10 grams, but just a few weeks ago the price of gold had increased to over Rs 80,000. In such a situation, gold has become slightly cheaper than the all-time high in the Indian market. But it is estimated that next year the price of gold could reach Rs 1 lakh.
The main reasons cited by Goldman Sachs for this increase include: Purchases by central banks around the world, which are buying gold to increase their gold reserves, and among them, banks that hold large amounts of treasury bonds. Americans are at the forefront of purchasing.
The US Federal Reserve’s lowering of interest rates is also strengthening gold, because the Fed’s loose monetary policy will weaken the dollar, increasing demand for gold. Apart from this, investor interest in exchange-traded funds has also supported gold prices.
The shine of gold will also continue next year
Experts believe that Donald Trump’s administration can be beneficial for gold, because after Trump’s arrival, trade tensions will increase, making gold investment a safe option.
Apart from this, the demand for gold may increase further due to the US fiscal crisis, rising debt and concerns over budget deficit. Along with gold, Goldman Sachs predicted Brent crude oil prices in 2025, according to which the price of crude oil could range between $70 and $85 per barrel next year.
This means that next year countries dependent on crude oil imports, such as India, will also have to face the challenge of inflation. As for the reason for this increase, the research agency states that if the Trump administration imposes strict sanctions on Iran, oil prices may increase.
At the same time, strong US-Israeli relations may put a damper on Iran’s oil supplies, meaning keeping interest rates low may again become a challenge for policymakers next year, which could slow growth.
