Gold prices likely to trend higher in H2 2025, may touch Rs 1 lakh: Report
Contrary to the global trend, domestic gold prices grew by 0.6 per cent in June, driven by a mild INR depreciation of 0.2 per cent.
'Local gold prices are expected to continue trading with an upside bias moving from a near-term range of Rs 96,500 to Rs 98,500 per ten grams to Rs 98,500 per ten grams to the Rs 100,000 per ten grams range in H22025,' the report added.
In volume terms, gold imports have fallen on a sequential basis, showing that demand is weakening in response to elevated prices. Gold imports of USD 2.5bn were recorded in May compared to USD 3.1bn in the previous month. Investment demand was strong in May.
Data released by the AMFI showed a net ETF inflow of Rs 2.92 billion in May, after two consecutive months of outflows, highlighting the robust investment-related demand for the yellow metal in the local markets.
On the global front, despite the sequential fall in gold prices, investment demand for the yellow metal remained strong, which is evident from ETF flows as well.
The SPDR ETF flows in gold increased from 930 tonnes as of 1st June 2025 to 948 tonnes as of 1st July 2025. At the same time, speculative net long positions rose by roughly 13k lots in the last month.
In recent months, the gold bull run appears to have stalled as prices have been flat over the last month, reflecting an easing in safe-haven demand that has taken place, even as they remain higher on a YTD basis in 2025 by 28 per cent.
A critical development was the ceasefire reached between Israel and Iran that improved risk sentiment and reduced demand for the yellow metal. At the same time, markets are positioning for the US government to agree on trade deals with other countries that will limit the need for reciprocal tariffs to be implemented, the report added.
The US has already agreed deals with the UK and Vietnam, while there has been considerable progress made in negotiations with other countries such as Japan, India and the EU.
Besides, the US and China have agreed upon a framework for a trade deal as well that will be concluded presumably by August.
'The upshot is that the easing in geopolitical tensions and expectations that trade-war 2.0 could ease in magnitude have worked to limit further sharp upside emerging in gold prices,' the report added.
The report further stated that investment-related demand has continued to drive gold prices as jewellery demand has witnessed softness. (ANI)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
24 minutes ago
- Time of India
Homegrown Goods More Shelf Assured Abroad
Live Events Smartphones may have sizzled their way to become the country's largest exported goods in the last fiscal year, but India-made daily use consumer goods such as biscuits, noodles, packaged gram flour, soaps and shampoos are also rapidly making inroads into global fast-moving consumer goods companies like Hindustan Unilever (HUL), ITC, Marico, Godrej Consumer Products, Dabur and AWL Agri Business (formerly Adani Wilmar) have reported faster growth in their export revenue compared with local sales in the past two fiscal years. While international business accounts for only 3% of the turnover for some like HUL due to their very large domestic operations, it brings more than 20% of the revenue for companies such as Dabur, Emami and Marico. Unilever India Exports Ltd, HUL's wholly owned subsidiary for exports to other Unilever companies globally, posted an 8% increase in sales at Rs 1,258 crore in the last financial year ended March 31, according to HUL's annual report. Its net profit rose 14% to Rs 91 crore. HUL's total sales, meanwhile, grew at a tepid pace of 2%, weighed by weak domestic company attributed the export growth to products in skin care, lifestyle nutrition, hair care and personal wash, driven by brands like Dove, Horlicks, Vaseline, Pears, Bru, Sunsilk, Glow and Lovely, Pond's, Lakme and Lifebuoy. It's not just basmati rice, traditionally a top commodity for exports from India, which is in high demand, said Angshu Mallick, chief executive at AWL Agri Business, India's largest packaged edible oil company. Mustard and sunflower oil, atta, besan (gram flour), soya nuggets and poha (flattened rice) all are seeing strong demand in foreign markets, he said.'We are just scratching the surface. The proliferation of Indian restaurants and popularity of Indian cuisines in the West is driving the exports. And it's not just the Indian diaspora but even the local people (in foreign markets) are buying these,' said Mallick, predicting that exports could rise 50-80% this fiscal demand is strong, a push from the government through export-focussed programmes like production-linked incentive schemes (PLI) for the food processing industry and millet-based products are also helping boost shipments, industry executives said. The government in December said it had selected 73 companies for benefits under the PLI scheme for marketing Indian-branded food products in global said in its latest annual report that its branded export business grew threefold in the past three years to cross ₹250 crore in FY25. Godrej Consumer Products said in an investor presentation that the operating margin of its international business expanded to 17% in FY25 from 10% two years told analysts recently that its export business is scaling up fast and it posted 14% growth in constant currency terms (excluding the impact of currency movements) in FY25, compared with overall growth of 12%. At Dabur, exports grew 17% against a 1.3% expansion in consolidated revenue. ITC Ltd said in its latest annual report that the company is seeing 'green shoots' in exports of biscuits, noodles and snacks while its Aashirvaad Atta is already the market leader in several countries. 'ITC is also exploring strategic opportunities in proximal markets as a potential vector of growth going forward,' it a bulk of ITC's foreign exchange earnings from export is still driven by agri-commodities — export revenue rose 7% to ₹7,708 crore in FY25 — its FMCG export is set to become the next growth driver. The firm said its FMCG products are now sold in over 70 countries. Exports of other consumer goods from apparel, jewellery and consumer electronics to automobiles have also grown last fiscal year.
India.com
25 minutes ago
- India.com
Meet man behind 'Chowman', who built Rs 1500000000 business empire from just Rs 15 lakh, left high-profile job of Rs..., his name is...
Debaditya Chaudhury New Delhi: Debaditya Chaudhury, who comes from a middle-class family in Kolkata, is an inspiration to millions of young entrepreneurs aspiring to build their careers in the food industry. His story is a perfect example of passion, hard work, and turning dreams into reality. Debaditya, who started his business from a small 350-square-foot space by investing Rs 15 lakh, has today become one of the country's most successful restaurant entrepreneurs. In this article, we will talk about Debaditya's journey to success, challenges he faced and more. Debaditya Chaudhury: Education Qualification Debaditya Chaudhury spent his childhood in the Ballygunge area of Kolkata. He completed his 10th grade from South Point High School in 1999 and earned a degree from St. Xavier's College in 2004. After that, he pursued an MBA from IISWBM in 2006. Debaditya was also extremely passionate about music along with his studies. In his first year of college, he co-founded the Bengali rock band Lakkhichhara with his friends. As a keyboard player, he performed with the band in several countries. Debaditya's Love for Chinese Food: While growing up the aroma of Chinese food coming from the nearby 'Kim Wah' restaurant left a deep impression on Debaditya. At the age of six, he first tasted the Chinese cuisine, and ever since he fell in love with the dishes. The family that owned Kim Wah became like an extended family to Debaditya. These experiences sparked a dream in him — to one day open his own Chinese restaurant. This dream always remained alive in his heart, even as he continued to pursue his interests in academics and music. Risked His Career: Debaditya began working as the Brand Head at a PR agency called Blue Lotus Communications in 2006 after completing his MBA and earned a monthly salary of 1 lakh rupees. However, his childhood dream of opening a Chinese restaurant never faded. After saving enough money, he left his well-paying job and took a step toward entrepreneurship. Fully aware that a city like Kolkata already had many renowned Chinese restaurants, he still decided to take the risk. All You Need to Know About Debaditya's Business: Chowman is today one of the renowned Chinese food outlets in West Bengal. Debaditya had decided to differentiate his first Chowman outlet by offering a fine-dining experience at affordable prices for middle-class customers. His goal was to provide a five-star Chinese dining experience at the price of a roadside eatery. To create an authentic atmosphere, he imported sauces, crockery, and cutlery directly from China. The outlet was launched with two trained chefs and a menu featuring 70 dishes. The restaurant offered meals for two people for just ₹300. The restaurant remained packed with customers from the day it opened thanks to its pocket-friendly pricing. In its very first year, Chowman achieved a turnover of Rs 20 lakh, encouraging Debaditya to open a second outlet in 2011. By 2013, the business had grown to a turnover of Rs 1 crore. Expansion of the Restaurant Empire Over the years, Chowman has gained massive popularity. Currently, Chowman has 29 outlets across Kolkata, Bengaluru, and Delhi. Seeing the growing demand for Chowman, Debaditya implemented a home delivery system. Today, his restaurant not only partners with aggregators like Swiggy and Zomato but also maintains its own delivery team. Following Chowman's success, Debaditya and his elder brother Shiladitya Chaudhury launched two more successful restaurant chains — Awadh 1590 (specializing in Awadhi cuisine) and Chapter 2 (offering continental cuisine with live music). As a result, by 2023, their restaurant empire reached a turnover of ₹150 crore.
Hans India
35 minutes ago
- Hans India
Govt bats for Mango Board in Chittoor
CHITTOOR: With mango farmers reeling under falling prices as well as truncated purchases by processing units, State Principal Secretary for Food Processing Chiranjeevi Chaudhary has urged mango processing units to procure mangoes from farmers at the Minimum Support Price (MSP) to safeguard the interests of cultivators. He was addressing a review with representatives of mango pulp industries in the erstwhile Chittoor district on Friday. During the meeting, the Principal Secretary said that both the Central and State governments were taking special measures to support mango growers. He highlighted that the state government had submitted proposals to the Centre to establish a Mango Board in Chittoor and make a provision for it in the upcoming budget. Chiranjeevi said that the government was considering release of Rs.8 crore in dues related to pulp processing units. Chief Minister N Chandrababu Naidu had already written to Union Finance Minister Nirmala Sitharaman requesting the removal of GST on processed mango products -- a move that is expected to benefit both farmers and processing units. Underlining the importance of collaborative efforts, the Principal Secretary called on mango processing units to actively participate in resolving the agrarian crisis and expand their marketing strategies. He encouraged them to promote mango-based products at major public functions and events to boost consumption. District Collector Sumit Kumar, who also attended the meeting, said that 1.15 lakh metric tonnes of mangoes has been procured till date this season, with an estimated 1.70 lakh metric tonnes yet to arrive. Any new proposals, including supplying mango juice in the midday meal scheme, would be carefully studied before implementation, he added. Industry representatives urged the officials to help reduce GST on mango pulp from the current 12 per cent to 5 per cent and to explore the inclusion of mango juice in schemes such as the midday meal program and offerings at temples. Joint Collector G Vidyadhari, AP Food Processing Society MD Sekhar Babu, DD Horticulture Madhusudhan Reddy, and representatives from prominent mango pulp companies were among those present at the meeting.
