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Gold Price Prediction: Gold outshines Nifty in 2025, rising 33 percent amid global turmoil.

Gold Price Prediction: New report suggests that gold could hit Rs 1.25 lakh mark in the first half of 2026.
Gold Price Prediction 2026: Gold performance has remained one of the best in 2025 so far, outpacing equity and other assets, but silver. The global uncertainty over trade war, geopolitical crisis, turmoil and economic slowdown triggered investors to run for more safer assets like gold and silver. Even central banks across the globe inch up their gold reserve at times of global uncertainty.
The yellow metal is almost up 33 per cent on a year-to-date basis, while Nifty inches up marginally 4.34 per cent YTD.
The returns of gold not only make investors wealthy, but also touch record highs one after another.
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But the main question remains: Is the show over or is the fuel remaining to climb more peaks?
A research note by ICICI Bank’s Economic Research hints that gold prices in India could continue to climb its upward journey and hit Rs 1,25,000-mark per 10 grams in the first half of 2026. The report, however, cautioned that the projects may falter in case the INR trades at a much depreciated level against the USD than its projections, with an assumed range of 87.00-89.00 for the USD/INR pair for the period.
For the rest of 2025, gold could stay in the consolidated range of Rs 99,500 to Rs 110,000 per 10 grams, the report added.
Analysts, as per the report, forecasted that global bullion to average USD 3,400-3,600 per ounce during the remaining 2025, and strengthen further to USD 3,600-3,800 per ounce in the first half of 2026.
The report also underlined that there could be more upsides if the geopolitical uncertainty rises during the remaining phase.
The report added that the next level of gold’s rally will be driven by US developments. These include the anticipated 125 basis points of Fed rate cuts over 2025-26 and ongoing diversification by central banks and investors away from the US dollar.
In India, investors are shifting to Gold ETFs, as indicated by AMFI monthly data, with YTD investments nearly doubling compared to last year. A net inflow in Gold ETFs, the report cited the AMFI data, stood at Rs 95.8 till now, almost double the last year’s tally of Rs 45.2 billion.

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 05, 2025, 10:19 IST
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