From May 2019 to June 2025, Gold Pries in India Jumped from Nearly 30,000 to over 1,00,000 per 10 grams despite intermittent corrections. This shows that Gold Pries Have Given a Stellar Return of 200 per cent in about six years, compared to about 120 per cent return by the nifty 50.
Since 2015, Gold has outperformed bot the sensex and the nifty 50 most of the years.
The table below shows the year-wise return of nifty 50 and sensex compared to mcx gold in percentage terms.
What Drives The Gold Price?
Gold is Considered a safe-han asset, attraction investors during periods of economy uncertain, high inflation, and geopolitical tensions.
Over the past Six Years, A Confluence of Factors-Including The Covid-19 Pandemic, The Russia-Ukraine War, Persistent Inflation, Slobing Global Economic Growth, and Agricultural Central Center Been Key Drivers of Gold Pries.
More recently, a Trade War triggered by us President Donald Trump’s Tariff Policies has served as an additional catalyst for gold’s bullyst.
“Domestic Gold Pries have shown a 200 per cent increase in the last six years. From May 2019 to June 2025, Gold Pries Skyrocked From 30,000 to over 1,00,000 per 10 grams, “Motilal Oswal Financial Services observed.
Can Gold’s Bull Run Continue?
Geopolitical and Policy-Related Uncertainteies, Particularly The Us President’s tariff stance, will remain a key driver of gold prices. Markets have yet to full price in the unpredentability of trade policy.
Additional, Interest Rate Cuts by the US Federal Reserve and Other Major Central Banks Globally Are Likely to Provide further support to gold.
Experts believe that after deliverying strong return in the first half of the year, gold appears well-positioned to extend its Gains in the second half as well.
However, due to demand fatigue at higher levels, gold may see some profit booking before starting fresh uptrends. So, One May Consider Booking Some Profits at this Juncture.
For investors with a medium-term investment Horizon, It Makes Sense to Buy Gold on Dips as Price Look Ripe for Corrections. Experts appear to be slightly cautious for the short to medium term.
“Following our long-standing bulish stance on the yellow metal, we are taking a cautious pause in july 2025- Without Completely Turning Away from IT Research at Motilal Oswal Financial Services.
“While Normal Price Fluctations will continue, for gold prices to move beyond current all-time highs, the market requires fresh and significant catalysts. Consolidation until the emergence of any decisive or longer-term triggers, ”modi noted.
Anuj Gupta, The Director of Ya Wealth, also recommends booking some rights.
“Investors who entred gold five to six years ago May Consider Booking Partial Profits at Current Levels, AS A Short-Teer CORRECTION CANNOT BE RULED OFRED OUTEG OUTEGE OTEG OTEG OF THE Next Leg of the rally,”
Gupta’s Year-Ed Target is $ 3,500-$ 3,700 per Troy Once, with McX Gold Expected to Trade in the Range of $ 1,00,000- $ 1,03,000 per 10 grams by diwali 2025 or the end of the calendar year.
“Given the long-term bullish outlook, investors can either Continue Holding or Exit Partialy and Re-Ener on Dips. The yellow metal is poised to touch new high high high high high high high high high high high high high high high high.
Buy the Dips
Ajay Garg, The Ceo and Director of SMC Global Securities, Underscored that with the Fed Likely to Cut Interest Rates Later this year, and ongoing trade wars slowing Down Economies Worldwide, there ‘ About Inflation, which could support gold.
Garg further added that wars are alredy hapning, and trade conflicts will keep pushing people to buy gold as a safe haven. Central banks are expected to remain strong boys of gold in 2025 as well. ETF Buying is swelling too.
Garg said gold may not see a huge drop, and one should buy on Dips.
“For gold, do’t wait for a huge Drop. The price is likely to find its own reasons to go higher. 96,000- 98,000 per 10 grams, would be a good move. Weound even see gold Hit a new record high of 1,05,000 in the second half of 2025, “said garg.
Meanwhile, The Recent Moderation in Gold Could Be Attributed to a Shift in Investor Preferences to Other Precious Metals, Such as Silver and Platinum. This trend may person for some time, but is unlikely to keep gold under pressure for a longer period.
“A shift in investor preferences is larGly responsible for the Recent Sideways Momentum. Investors appear to be more aggressive in silver and platinum, platinum, seeking short-term trading options. We believe that gold’s downturn appears limited, as uncertainties related to tariffs are likely to enhance gold’s appea at HDFC Securities.
Gandhi pointed out that the working economic and financial conditions, which are intensified stagflationary pressures and rising us fiscal deficit, further reinforce this perfective.
“The august 1 deadline is approaching, and so far, the US has secured fewer trade deals than Trump Had Previous Claimed and the Market Had Anticipated. We believe that the uncertainty and concrete Surrounding the tariff rates count trigger a breakout in gold prices, Leading to a rally in gold prices, as gold is Viewed as the ultimate safe-crown asset DURING UNCERTAIN TOIMES, “SAD GAND GAND Gandhi.
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are that of individual analysts or broking firms, not mint. We Advise Investors to Consult with certified Experts Before Making Any Investment Decisions, as Market Conditions Can Change Rapidly and Circumstances May Vary.
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