Gold may rise in H2 2025, could hit ₹1 lakh : July 5, 2025
According to a survey by ICICI Bank Global Markets, local gold prices in the nation are anticipated to continue their upward trend in the second half of 2025, possibly shifting from the present range of ₹96,500 to ₹98,500 per 10 grams toward the psychologically crucial ₹1,00,000 mark.
July 5, New Delhi, India (ANI): According to a survey by ICICI Bank Global Markets, local gold prices in the nation are anticipated to continue their upward trend in the second half of 2025, possibly shifting from the present range of ₹96,500 to ₹98,500 per 10 grams toward the psychologically crucial ₹1,00,000 mark.
In June,domestic gold prices increased by 0.6%,defying the global trend,thanks to a slight 0.2% weakening of the Indian rupee.
“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 research stated.
Imports of gold have decreased sequentially in terms of volume, indicating that demand is waning in reaction to rising prices. In May, gold imports were USD 2.5 billion, up from USD 3.1 billion the month before. In May, there was a high demand for investments.
After two months of outflows, data from the AMFI revealed a net ETF inflow of ₹2.92 billion in May, underscoring the strong demand for the yellow metal in local markets for investment purposes.
Globally, there was still a high level of investment demand for gold despite the successive declines in its price, as seen by ETF flows.
From 930 tonnes on June 1st, 2025, to 948 tonnes on July 1st, 2025, the SPDR ETF’s gold flows increased. Simultaneously, during the past month, speculative net long positions increased by about 13,000 lots.
Even while prices are still up 28% year-to-date in 2025, the gold bull run seems to have paused in recent months as they have been flat over the past month, indicating a slowdown in safe-haven demand.
The ceasefire between Israel and Iran, which enhanced risk perception and decreased demand for the yellow metal,was a significant step. According to the paper,markets are also setting up the US government to reach trade agreements with other nations that will reduce the need for reciprocal tariffs.
While negotiations with other nations including Japan, India, and the EU have advanced significantly, the US has already reached agreements with the UK and Vietnam.
In addition, a framework for a trade agreement between the US and China has been agreed upon; it is expected to be finalized 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,” said the research.
The research went on to say that while demand for jewelry has slowed, demand for gold has been driven by investment-related demand. (ANI)
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