gold price prediction

Gold prices experienced significant volatility, initially soaring to record highs due to safe-haven demand amid geopolitical and economic uncertainties last week. However, prices corrected sharply following signals of potential trade negotiations and peace efforts. Investors are closely monitoring central bank independence, inflation expectations, and U.S. economic data for future policy direction.

Gold prices have breached the Rs 1 lakh mark and investors are wondering - is this the right time to buy gold or should they be booking profits? What's the gold rate outlook for this year and will the rally last? Experts weigh in:

Gold rate prediction: Gold prices have experienced a slight dip despite disappointing US economic data, influenced by hopes of easing US-China trade tensions and President Trump's tariff decisions. Buying gold on Akshaya Tritiya is considered auspicious according to Indian traditions. But what’s the outlook for gold and what factors will drive gold prices in the coming days?

Gold prices on MCX hit a record ₹1 lakh per 10 grams, sparking viral buzz around a 1989 Bollywood clip where Shakti Kapoor “predicted” this rise. Social media hailed him as a financial soothsayer. Kapoor recently appeared in the film Animal, adding to the nostalgic market frenzy.

The Reserve Bank of India significantly increased its gold reserves by 57.5 tonnes in FY25 amidst global financial instability and rising gold prices. This acquisition, the second largest since 2017, aligns with a global trend of central banks bolstering gold holdings.

Bajaj Finance has significantly outperformed Nifty this year, yielding a 36% return and adding ₹1.5 lakh crore to investor wealth. With its market capitalization nearing ₹6 lakh crore, analysts are raising price targets, citing robust growth and diversification into new sectors. While some caution exists regarding borrowing costs, the overall outlook remains positive.

The government's increasing role as a major buyer of gold and debt, coupled with its investments in capital goods and support for healthcare and software, has proven highly profitable for investors tracking its activities over the past five years

Kobe Bryant's Los Angeles Lakers debut jersey fetched a record $7 million at a Sotheby's auction, marking a new high for Bryant memorabilia. The jersey, worn during his 1996-97 rookie season, symbolizes the genesis of his legendary career. This sale underscores Bryant's lasting impact on sports and culture, solidifying his place among the most revered athletes.

US markets opened in red as the economy unexpectedly shrank by 0.3% in the first quarter, driven by increased imports and slower consumer spending. The decline raised concerns about President Trump's tariff policies, with the Dow, Nasdaq, and S&P 500 all experiencing significant drops. European and Asian markets showed mixed reactions amidst global trade uncertainties.

Thailand entices travelers with its rich culture, stunning landscapes, and delicious food, offering a diverse range of experiences from luxurious resorts to adventurous activities. The country boasts breathtaking beaches, Michelin-worthy street food, and affordable luxury, all enhanced by the warm hospitality of the Thai people. Ancient temples and unique wildlife add to Thailand's irresistible charm.

S&P 500 and Nasdaq closed their worst quarter in years due to investor anxiety over Trump's tariff agenda. Big tech suffered significant losses, with Tesla and Nvidia plunging. Despite losses, more than half of the S&P 500’s sectors posted gains. Markets are on edge ahead of Trump’s expected tariff announcement, while gold reached an all-time high.

Anil Agarwal believes it is the best time for India to increase domestic gold production due to rising prices. He highlights India's large gold imports and low domestic production. Higher prices could make local mining more attractive, he says.

Stock markets worldwide saw declines on Monday due to fears of President Trump's tariffs set to take effect on Wednesday. The S&P 500 dropped by 0.6%, while the Nasdaq composite fell by 1.6%. Concerns about inflation and global economic slowdown led to significant sell-offs in major indices globally, reflecting growing economic uncertainty.

Salesforce CEO Marc Benioff showcased a cost-effective robot developed by Unitree, claiming it costs less than a MacBook. Emphasizing AI advancements, he highlighted Deepseek's affordability and its integration with the robot for scalable digital labour. Benioff also stressed the value of data in AI, aligning with Kai-Fu Lee's insights on the evolving AI landscape.

Grand Theft Auto 6 is anticipated to break records with pre-orders potentially surpassing $1 billion before launch. Rockstar Games' renowned reputation, the legacy of GTA, and the return to Vice City drive this hype. The game’s next-gen exclusivity and special editions costing up to $250 further contribute to revenue expectations.

Peter Schiff warns that Bitcoin could crash to $20,000 if the Nasdaq enters a bear market. He emphasizes the historical correlation between Bitcoin and Nasdaq declines, while also pointing out gold’s potential rise as an alternative safe haven.