Gold has come down to Rs 7,000 from its all -time high level of Rs 1 lakh per 10 grams. On Friday i.e. May 2, the price of gold at MCX was seen at around Rs 93,000 per 10 grams. On 22 April, its price reached Rs 1,00,484. Talking about the price of spot gold, the price of gold in the Delhi bullion market increased by Rs 1,080 to Rs 96,800 per 10 grams on May 2. On Thursday, the price of gold with 99.9 per cent purity fell by Rs 2,830 to Rs 95,720 per 10 grams.
On Friday, gold with 99.5 percent purity increased by Rs 180 to Rs 96,350 per 10 grams. In the last trading session, it was reduced by Rs 1,930 to Rs 96,170 per 10 grams. It is believed that gold prices have risen due to the recent demand of local jewelery vendors and strong trend in international markets. Gold increased by $ 23.10 or 0.71 percent to $ 3,262.30 an ounce in global markets.
According to the news agency PTI, Jatin Trivedi, Vice President (Research Analyst-Commodity and Currency), LKP Securities, said that market participants have ended short positions in gold due to lack of clarity and rapid trend regarding the ongoing trade talks in the US. This has led to a new pace to speed. As a result, interest in safe investment is gradually increasing. Trivedi believes that instability will remain in the coming sessions and gold can trade within a wide range of Rs 92,000-94,500.
Should you buy gold?
Experts say that gold prices are likely to rise new amid uncertainties over the ongoing trade talks. This will increase prices. Manoj Kumar Arora, managing director of Alamonds Global, said that despite 30 per cent of the last year, gold is expected to perform well as a commodity in 2025. On April 22, the price of gold reached a high level of Rs 1 lakh per 10 grams. Historically, gold has given returns to CAGR of 2001 from 2001. Gold returns have also surpassed inflation and have surpassed inflation from 1995 to 2 to 4 percent. He said that gold prices are likely to be high due to geopolitical stress, tariff risk and inflation concerns in the US, as well as continuing to continue purchases from central banks.
China continued to accumulate gold rapidly and by March 2025, China got 2,292 tonnes of gold. Arora said that central banks from all over the world have added 1000 tonnes of gold annually in the last 3 years by 2024. By March 2025, RBI’s holding reached a record level of 879 tonnes.
The tariff is expected to continue to rise in gold due to potential recession and risk of inflation. Arora said that we maintain our positive stand on gold based on strong purchases from central banks and demands inspired by the fall in Treasury yields. This factor will include gold in the best performing assets in 2025. Arora further said that investors can continue investing through Gold ETF. Because ETF is considered a low cost investment.
