NEW DELHI– Gold prices are expected to climb to record levels by the end of 2025, with Comex Gold projected to touch $3,600 per ounce amid persistent geopolitical tensions and macroeconomic headwinds, according to a report by Ventura Securities.
The forecast suggests bullion will surpass its all-time high of $3,534.10 set on August 7 this year, driven by strong exchange-traded fund (ETF) inflows, steady central bank purchases, and growing retail participation in India’s gold investment market.
“Gold’s strategic importance in portfolios has increased amid slower global growth, policy uncertainty, and rising geopolitical risks. With inflationary pressures, a softening U.S. dollar, and anticipated Fed rate cuts, we see sustained upside potential in gold prices through 2025,” said NS Ramaswamy, Head of Commodities at Ventura Securities.
The report highlighted how younger investors are reshaping the gold market through fractional ownership, fintech-driven investment platforms, and social media influence — shifting demand away from traditional jewellery and into technology-enabled investment products.
India’s gold ETF holdings reflected the trend, surging 42 percent year-on-year to 66.68 tonnes as of June 30, 2025. Assets under management nearly doubled to Rs 64,777 crore, while investor accounts rose 41 percent to 7.65 million.
Historically, gold has offered consistent returns, posting positive annual performance in 14 of the past 20 years. Over the last three years, the metal delivered an average annual return of 23 percent, outpacing the Nifty 50’s 11 percent. Its negative correlation to equities has also made it a reliable hedge, cushioning portfolios during stock market downturns while providing gains during rallies. (Source: IANS)
