According to Sugandha Sachdeva, Founder of SS WealthStreet, gold prices may see limited upside in the near term, as our targeted levels of $2800per ounce and Rs. 80000 have been almost achieved. However, she anticipates short-term volatility as global events unfold. Gold prices are currently over-stretched, and we may see a correction to the Rs. 73,000-74,000 range per 10 gm in the current quarter as immediate event risks begin to recede, and with funds potentially diverting into Bitcoin and debt markets in the short run.
Sachdeva expects gold’s momentum to rebound following this profit-taking phase. “While tactical, short-term investors could still find value in gold, strategic long-term buyers would benefit from waiting for a price correction,” she advised. After a brief period of correction, gold could climb further, targeting around $3,000 per ounce and Rs. 84,000 per 10 gm.
Looking forward, geopolitical risks, shifts in US policy post-election, strong central bank buying, significant ETF inflows, rising US debt levels and a low-interest-rate environment in the US are poised to drive demand for gold. It’s safe-haven appeal and role as a portfolio hedge continue to position gold as an attractive investment, and any price dips may offer an opportunity to long term investors to add gold for portfolio diversification and capital protection. These factors could collectively contribute to the rising gold prices in 2025, reflecting a mix of economic, geopolitical, and monetary dynamics that influence investor behavior and market trends.
