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As on : 01-Jan-2025
Other Markets - Bullion Markets
01-Jan-2025     14:45

Gold starts 2025 on a firm note amid thin trade

MCX gold futures opened 2025 on a positive note, rising ₹112 to ₹76,899 per 10 grams, though trading volumes remained subdued due to the New Year holiday closure of international markets. Gold ended 2024 with a stellar 27% rise, with international futures closing at $2,639.3 an ounce. The rally was fueled by U.S. monetary easing, geopolitical tensions, and record central bank gold purchases. Despite a brief setback after Donald Trump's election win, gold outperformed most commodities last year. Investors now turn their attention to 2025, assessing the effects of U.S. policy uncertainty, China's economic recovery push, and potential challenges under Trump's presidency. Remarkably, gold's rise persisted despite a stronger dollar and higher Treasury yields, highlighting its resilience as a safe haven.

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