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Gold Rate Prediction 2025: Gold prices might rise beyond $4,800 an ounce in the international market from the current $3,800, a rise of 26%, says brokerage firm PL Capital.
This year has placed gold right at the centre of financial history, with US spot gold prices reaching an all-time high of about $3,791.11 per ounce on September 23, 2025, almost double its levels exactly two years ago.
Gold Price Prediction: Gold prices have surged over 50% in the past few months, surpassing other asset classes like equity and real estate. The yellow metal is trading near its all-time high levels, and experts believe the bull run might continue with periodic corrections. Sandip Raichura, director at brokerage firm PL Capital, says international gold prices might rise beyond $4,800 an ounce from the current nearly $3,800, an appreciation of over 26%.
This year has placed gold right at the centre of financial history, with US spot gold prices reaching an all-time high of about $3,791.11 per ounce on September 23, 2025, almost double its levels exactly two years ago. In addition, September 23, 2025, saw a 3-year high daily inflows into gold ETFs, further exacerbating strength in the metal.
“In the middle of this historical move, it becomes difficult to decide on further levels. However, we believe gold is eventually going to rise beyond $4,800. Of course, caution is warranted going ahead, as any explosive moves like the one we are in may be subject to sudden corrections,” said Sandip Raichura, chief executive officer (retail broking and distribution) and director at PL Capital.
As of now, gold remains in momentum, and any long-term breaches below $3,444 will signal a correction and should be a stop for trading positions, he added.
“Longer-term positions, however, may use any dips as a buying opportunity, as we believe gold has begun a very large move which may last several months,” Raichura said.
Also Read: Should You Invest In Gold Now? How Has It Outperformed Stocks Over Decades?
This longer-term move is predicated on certain assumptions about how the international data will unravel over the next few months – higher inflation, a complete and huge difference between EU moves (pauses) on rates versus the US Fed (cuts) causing the US dollar weakness and of course, a very definitive stance by China on its gold reserves accumulation which still remains way below global averages (8.5% versus global average of about 20%), he said.
There are also reports that indicate that gold has still neither seen strong institutional buying nor is the long-short derivative data biased adversely, thus potentially presenting more tailwinds for the metal, Raichura added.
“We continue to recommend a minimum 5-10% allocation even at current levels to improve risk-adjusted returns over complete economic cycles,” he added.
Gold, Silver Price Prediction: ‘Time To Book Profits Now’
Meanwhile, analysts are also advising traders to book short-term profits on gold.
“All targets achieved in gold at $3,800 and silver at Rs 1,35,000. Now it’s time to book profits and stay cautious. This rally seems overbought and overdone. We can expect a price retracement anytime soon,” said Renisha Chainani, head (research) at Augmont.
Silver must break below $44 to show a correction, while Gold has maintained below $3780, indicating further profit-booking below $3,700, she added.
She said the surge in gold and silver has slowed as investors wait for the release of the US GDP data and the PCE price index report, which is the Fed’s favourite inflation indicator.
Gold Price Today
In Mumbai and Pune, the price of 24-carat gold stood at Rs 1,14,800 per 10 grams, while 22k gold was available at Rs 1,05,300 per 10 grams, on September 26, according to goodreturns.in.
On the MCX, the price of gold was trading slightly higher by 0.06% to trade at Rs 1,13,943 per 10 grams, whereas silver rose 0.08% to Rs 1,36,950 per kg in the futures market in the early trade.
Silver Price Today
The price of silver stood at Rs 1,43,000 per kg on Friday.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
September 26, 2025, 11:53 IST
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