According to ICICI Bank Global Markets, local gold prices in India are anticipated to rise towards the Rs 1,00,000 mark in the latter half of 2025. Despite a global downward trend, domestic gold prices increased by 0.6% in June, supported by a slight INR depreciation of 0.2%.
Gold imports in May fell to USD 2.5 billion from USD 3.1 billion the previous month, indicating weakening demand due to higher prices. Investment demand for gold remained robust in May, with a net ETF inflow of Rs 2.92 billion. The ceasefire between Israel and Iran improved risk sentiment, impacting gold prices globally.
Key highlights:
• Indian gold prices may touch Rs 1,00,000 per 10 grams in H2 2025
• Domestic gold prices rose by 0.6% in June
• Gold imports decreased to USD 2.5 billion in May
• Net ETF inflow of Rs 2.92 billion in May
• Global gold prices affected by improved risk sentiment post Israel-Iran ceasefire
The trajectory of gold prices holds significance for investors and market watchers in India.
Source: Economic Times