Gold prices are likely to stagnate or even decline by 5 per cent to 10 per cent over the next year, as it potentially underperforms global equities
₹77 crore exit halts golden run driven by record inflows
FEBRUARY'S GOLD NUGGET: ₹2,000 crore inflow, a record-breaking haul
On Friday, gold hit its latest record, at $3,004.86 an ounce, a gain of 14 per cent since the start of 2025, following 27 per cent growth in 2024
Weaker dollar, geopolitical concerns over Ukraine peace process, economic and political concerns due to Trump's tariff plans and softer yields are positive for the metal
The minimum application amount for the 360 ONE Gold ETF NFO is Rs 500, with subsequent investments in multiples of Re 1. The exit load for the scheme remains nil
Disappointing data out of the US viz retail sales, nonfarm payroll (considering the downward revision done by BLS) and NAHB housing Index are positive for the yellow metal
Gold is expected to trade with a positive bias as buyers have $3,000 (MCX April gold Rs 88,000) level in focus
Benchmark for both schemes is domestic price of physical gold; NFO open till February 24
Gold rally is being driven more by subdued yields and US Dollar Index rather than safe haven demand
On January 28, spot gold traded between $2730 and $2760 as, once again, it took support at the crucial level of $2730 to extend its recovery following the selloff on January 27
Gold is looking somewhat overstretched at the current level as the US economy continues to do well amid sticky inflation and strong job market
Gold exchange-traded funds (ETFs) witnessed a record inflow of Rs 1,961 crore in October, marking a surge of 59 per cent on a month-on-month (MoM) basis, driven by expectation of increase in the yellow metal prices during the festive and marriage season. This was over two-fold higher than Rs 841 crore inflow seen in October 2023, data with the Association of Mutual Funds in India (Amfi) showed. The inflow helped in raising the assets under management (AUM) of gold funds by 12 per cent to Rs 44,545 crore by the end of October from Rs 39,823 crore in the preceding month. "With the US Fed cutting interest rates by 75 bps (basis points) this year and dollar appreciating, how this is going to impact gold prices globally and investments therein need to be observed," Himanshu Srivastava, Associate Director - Manager Research at Morningstar Investment Research India, said. As per the data, the Gold ETF category witnessed a net inflow of Rs 1,961 crore in October, which was sharply higher t
Gold price: The yellow metal faces risk from fickle bond yields as deficit concerns loom large. Near-term upside is limited, says Praveen Singh of Sharekhan
The WGC, an industry body grouping global gold miners, said North American gold demand was boosted by uncertainty around the US presidential election
Inflows in Gold Exchange Traded Funds (ETFs) witnessed a surge in the current calendar year, amid gains in yellow metal prices ahead of Dhanteras. Inflows into these funds have increased by nearly 88 per cent since the beginning of 2024, totalling Rs 1,232.99 crore in September, ICRA Analytics said in a statement. Gold prices advanced Rs 450 to hit another record of Rs 79,350 per 10 gram in the national capital on Thursday on the back of continued buying by jewellers and stockists, according to the All India Sarafa Association. Investors are drawn to gold ETFs due to their liquidity, transparency and global price alignment, which remains firm due to geopolitical headwinds. Concerns about physical gold storage, purity and theft have also contributed to the growing interest in such funds, ICRA said. According to ICRA Analytics Senior Vice President and Head Market Data, Ashwini Kumar, the US Federal Reserve's potential interest rate cut in the coming months is further boosting the .
UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)
Gold hit a fresh record high of $2664 and closed with a hefty gain of 1.09 per cent at $2657.
LTCG tax perks and bond drought create perfect storm
The July Budget introduced a customs duty cut, reducing gold prices in India by about 9 per cent