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India Gazette
5 days ago
- Business
- India Gazette
Gold prices likely to trend higher in H2 2025, may touch Rs 1 lakh: Report
New Delhi [India], July 5 (ANI): Local gold prices in the country are expected to maintain an upside bias in the second half of 2025, potentially moving from the current range of Rs 96,500-Rs 98,500 per 10 grams toward the psychologically significant Rs 1,00,000 mark, according to a report by ICICI Bank Global Markets. 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)
Time of India
5 days ago
- Business
- Time of India
Gold price prediction: Yellow metal may hit Rs 1 lakh in second half; driven by investment related demand
Local gold prices in India are expected to remain firm in the second half of 2025, with a possible rise towards the psychological Rs 1,00,000 mark per 10 grams, according to a report by ICICI Bank Global Markets. Currently, the yellow metal is hovering in the Rs 96,500–Rs 98,500 range. '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 said, quoted by ANI. Despite a drop in global prices recently, domestic gold prices rose by 0.6% in June, helped by a slight 0.2% weakening of the Rupee. However, high gold prices appear to be dampening physical demand. Imports in May dropped to $2.5 billion from $3.1 billion in April. Jewellery demand remained weak, while investment-related buying stayed strong. In fact, data from the Association of Mutual Funds in India (AMFI) showed a net inflow of Rs 2.92 billion into gold ETFs in May, bouncing back after two straight months of outflows. Globally too, investor interest in gold has remained strong. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Khám phá nhà tiền chế giá rẻ tại Thanh Pho Ho Chi Minh Nomad's Notebook Nhấp vào đây Undo The SPDR Gold ETF holdings rose from 930 tonnes on 1st June to 948 tonnes on 1st July. Speculative net long positions also increased by around 13,000 lots last month. Still, gold's sharp rally has cooled off lately. Prices have stayed flat over the past month as safe-haven buying eased. Year-to-date, gold is still up 28% in 2025. One key reason for this pause is the improved global outlook. A ceasefire between Israel and Iran has calmed geopolitical tensions. At the same time, the US has struck trade deals with the UK and Vietnam, and is making progress with Japan, India and the EU. A trade framework with China is also in place and expected to be finalised 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. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
5 days ago
- Business
- Mint
Gold prices likely to trend higher in H2 2025, may touch ₹1 lakh: Report
New Delhi [India], July 5 (ANI): Local gold prices in the country are expected to maintain an upside bias in the second half of 2025, potentially moving from the current range of ₹ 96,500- ₹ 98,500 per 10 grams toward the psychologically significant ₹ 1,00,000 mark, according to a report by ICICI Bank Global Markets. 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 ₹ 96,500 to ₹ 98,500 per ten grams to ₹ 98,500 per ten grams to the ₹ 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 ₹ 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.
Mint
5 days ago
- Business
- Mint
Gold prices likely to trend higher in H2 2025, may touch ₹1 lakh: Report
New Delhi [India], July 5 (ANI): Local gold prices in the country are expected to maintain an upside bias in the second half of 2025, potentially moving from the current range of ₹ 96,500- ₹ 98,500 per 10 grams toward the psychologically significant ₹ 1,00,000 mark, according to a report by ICICI Bank Global Markets. 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 ₹ 96,500 to ₹ 98,500 per ten grams to ₹ 98,500 per ten grams to the ₹ 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 ₹ 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)
News18
5 days ago
- Business
- News18
Gold Prices In India May Reclaim Rs 1 Lakh By December 2025: Report
Last Updated: Gold Rate Prediction: Local gold prices are expected to continue trading with an upside bias during July-December 2025, and may hit Rs 100,000 per 10 grams. Gold Rate Prediction 2025: Gold has given robust returns this year amid geopolitical tensions and the tariff war. The price rise trend in India is likely to continue in the second half of the year 2025, and the rate is likely to reclaim the psychological mark of Rs 1,00,000, according to ICICI Bank Global Markets. '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," ICICI Bank Global Markets said in its report. Gold prices, which have cooled in the past few days amid easing in global geopolitical and economic tensions following the Iran-Israel ceasefire and US-China trade deal, currently trade in the range of Rs 96,500-Rs 98,500 per 10 grams. The yellow metal's prices in recently crossed the Rs 1 lakh mark in India before cooling down. Higher prices in India adversely affected the gold retail demand. In volume terms, gold imports have fallen on a sequential basis, showing that demand is weakening in response to elevated prices. Gold imports of $2.5 billion were recorded in May compared to $3.1 billion in the previous month. Investment demand was strong in May. Last month, brokerage house Quant Mutual Fund in its 'Factsheet for June 2025' had said gold has peaked out and might correct by 12-15% in the next two months. 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 June 1, 2025, to 948 tonnes as of July 1, 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. First Published: July 05, 2025, 15:36 IST
