NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Gold prices skyrocket in 2024: Will trend continue in 2025?
    Summarize
    Next Article
    Gold prices skyrocket in 2024: Will trend continue in 2025?
    Gold has risen over 26% this year

    Gold prices skyrocket in 2024: Will trend continue in 2025?

    By Mudit Dube
    Dec 31, 2024
    02:25 pm

    What's the story

    Gold and silver have ended 2024 on a high note. The precious yellow metal has recorded its best annual performance in over a decade, rising over 26%.

    Meanwhile, silver has witnessed its best return since 2020 with a whopping 34.4% rise this year.

    The trends were driven by geopolitical tensions, central bank policies, and forecasts of lower interest rates.

    Market performance

    Gold, silver prices on last trading day of 2024

    On the last trading day of 2024, spot gold rose slightly by 0.1% to $2,608.09 per ounce. US gold futures also rose by 0.1% to $2,620.60 per ounce.

    In India, premium quality 24-carat gold was priced at ₹7,818.3 per gram—up ₹180—while standard quality 22-carat gold was priced at ₹7,168.3 per gram after rising ₹170.

    The price of silver in India currently stands at ₹95,400/kg.

    Market insights

    Factors influencing gold, silver performance in 2024

    Tim Waterer, Chief Market Analyst at KCM Trade, credited much of gold's performance to the expectation of a lower interest rate environment.

    He said, "Gold enjoyed a stellar year in 2024, driven by central bank buying, policy easing, and geopolitical tensions."

    Mayank Bhatnagar from FinEdge said, "The performance of gold and silver is largely driven by the geopolitical uncertainties and inflation concerns."

    Future prospects

    Positive investment outlook for gold, silver in 2025

    Analysts predict a positive outlook for both gold and silver in 2025. The metals are expected to continue attracting investors as safe-haven assets amid ongoing central bank policies and inflation concerns.

    Kyle Rodda from Capital.com said, "The fundamentals for gold remain constructive. Going into 2025, I expect the trend to remain bullish."

    However, experts also advise caution due to the inherent volatility of commodity markets.

    Investment advice

    Experts advise caution, diversification in investment strategies

    Rahul Kalantri of Mehta Equities cautioned, "Gold and silver are currently seeing strong gains, but any shifts in economic data could bring about corrections."

    Bhatnagar also stressed on diversification in investment strategies. He suggested investors to concentrate on a balanced strategy in line with their financial goals, risk tolerance, and time horizon.

    This advice highlights the importance of being prepared for price fluctuations and not relying solely on past performance.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Inflation

    Latest

    Reports: Ranbir and Yash will barely share screen in 'Ramayana' Nitesh Tiwari
    'MS Dhoni should walk away,' says Kris Srikkanth  Kris Srikkanth
    Why Cassie's mom was forced to pay Diddy $20K? Lawsuits
    MCA reschedules T20 Mumbai League 2025: Details here Mumbai Cricket Association

    Inflation

    RBI keeps repo rate steady at 6.5% Consumer Price Index (CPI)
    India's retail inflation cools to 3.5%, lowest in 5 years Reserve Bank Of India (RBI)
    India's wholesale inflation drops to 2% in July Shaktikanta Das
    Understanding inflation in simple terms Business
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025