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🔶 1. RBI Holds Gold Reserves Steady Amid Price Volatility
The Reserve Bank of India has maintained its gold reserves at 880 metric tonnes for the current fiscal year, stopping new purchases. This pause aligns with forecasts hinting at potential price weakness in the short term . A steady reserve indicates RBI is waiting for better buying opportunities—not a retreat from gold’s long-term potential.
💰 2. Local Prices Firm, Heading Toward ₹1 Lakh/10 g
ICICI Bank Global Markets projects that domestic gold prices could rise to the psychological ₹1 lakh per 10 g mark in H2 2025, fueled by a weakening rupee and robust investment demand—even as global bull run cools . Despite some short-term consolidation, the uptrend remains intact.
📊 3. Strong ETF Inflows Suggest Bullish Investor Sentiment
Globally, SPDR Gold ETF holdings have increased from 930 to 948 tonnes in June and July, while investor long positions rose ~13,000 lots—a clear signal of sustained interest despite a plateau at current levels .
⚖️ 4. Cooling Gold Demand, But Jewellery Sales Remain Strong
While the World Gold Council predicts a slight drop in gold consumption in India in 2025 (700–800 t vs. 802.8 t in 2024) due to rising prices , jewellery retailers report double-digit value growth—up 12–14%—even as volumes dip . This indicates buyers are opting for quality over quantity.
👉 What This Means for You
Short-term: Prices may hover or slightly retreat—great for buying dips. Mid-to-long-term: Bullish trend continues; forecast to breach ₹1 lakh/10 g in H2 2025.
🔗 Related Reads & Resources
Gold prices to hit ₹1.10 lakh next year? RBI pauses gold buying; reserves steady Gold’s safe-haven appeal supports ETF inflows
Stay connected for more updates—M&D Jewellery continues to bring you trusted market insights and real-time advice on gold and silver.
