Gold inches closer to record highs as global uncertainties and inflation fears drive strong demand.
February 25, 2025: Gold prices continued their upward trend on Tuesday, February 25, 2025, amid positive global cues and strong demand in domestic and international markets. MCX Gold April futures opened at ₹86,325 per 10 grams, rising 0.19% to ₹86,349 by 9:10 AM.
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Why Are Gold Prices Rising?
- Global Trade War Fears: Concerns over US President Donald Trump’s tariff policies have sparked inflation worries, leading investors to safe-haven assets like gold.
- Central Bank Buying: Aggressive gold accumulation by central banks has further driven up prices.
- Weak US Economic Data: The US service sector has hit a two-year low, pushing gold prices higher.
- Sticky Inflation: Persisting inflationary pressures globally are keeping gold demand strong.
Expert Outlook on Gold Prices
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🔹 Colin Shah (MD, Kama Jewelry):
“Heightened volatility and global uncertainties continue to support gold prices. We expect gold to reach $3,000 per ounce in the mid-term.”
🔹 Market Sentiment:
📈 Bullish Trend in the Mid-to-Long Term
📉 Potential Near-Term Profit Booking
Key Gold Price Levels to Watch (MCX Gold – April Futures)
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✅ Support: ₹85,800 – ₹86,000 per 10 grams
✅ Resistance: ₹86,500 – ₹87,000 per 10 grams
Final Takeaway
With rising global uncertainties, weak US economic indicators, and ongoing inflation concerns, gold prices are likely to remain bullish in the mid-to-long term. Investors are advised to keep an eye on key levels for potential profit-taking opportunities.
📊 Will gold prices hit $3,000 per ounce soon? Let us know your thoughts! ✍️