World gold price rising standing
Gold prices have witnessed strong growth in recent years, while the stock market has experienced great fluctuations. This precious metal is currently trading around US $ 3,300/ounce, highlighting a new record high.
Gold price has increased by 25% in the first 4 months of 2025, and increased by 40% in the past year.
In particular, gold price only ranges about 2,350 USD/ounce in April 2024, according to data from CNBC-TV18. This means that gold price has increased by nearly 1,000 USD/ounce in just one year. Gold price increased nearly 64% from 2,000 USD/ounce in April 2023. Gold increased sharply by 90% from 1,725 USD/ounce in April 2021.
Many factors have caused gold prices to increase sharply. The instability surrounding the US trade policy, weakening the dollar, along with the interest rate of the US Treasury bonds, which are some reasons why investors switched to safe shelter as gold. In particular, the increasing global debt also promotes cash flow into gold ETFs.
According to the analysis of CNBC-TV18, from 2001 to now, the price of gold has decreased greatly over a number of years. However, the current gold price is reaching a record high, including on the Indian market. The June gold contract on the MCX floor has first surpassed 95,000 rupee on April 16.
There is a point to note, according to the goldsmiths cited by CNBC-TV18, no new customers buy gold in the Indian market, because the price is too high that customers bring old gold to exchange. This is leading to a strong discount in the Indian market.
Gold price receives positive forecasts
Many banks, securities companies and experts have made positive forecasts about this precious metal. According to Goldman Sachs, gold price can reach US $ 3,700/ounce in late 2025 and up to 4,000 USD/ounce in the middle of 2026. Bank of America and Citi Research forecast gold price ranging from US $ 3,300 to US $ 3,500 in recent months.
UBS has adjusted its gold price forecast to $3,500/ounce in 2025.
Manav Modi - a senior analyst on commodity research at Motilal Oswal Financial Services, said: "Gold price increased sharply to a record high, driven by the USD weakened, trade tensions and concerns about the global economic growth due to the tax plan of US President Donald Trump, leading to a cash flow into a safe asset ...
Today, attention will focus on retail data and industrial production of the US as well as the speech of Fed President Jerome Powell ".
"Gold will continue to be strong as long as the instability," said Brian Lan, CEO at Goldsilver Central, Singapore -based gold distributor, said to Reuters.
"We believe that buying gold as a shelter has not increased sharply" - Anz analysts said to Reuters, while raising the bank's year -end gold price forecast to 3,600 USD/ounce and forecasting gold price in the next six months to 3,500 USD/ounce.
