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Gold News
News
Gold
News
July
2025
Recent
gold market developments show a downward trend in
prices, largely driven by easing geopolitical tensions
and a stronger US dollar. On June 30, 2025, gold prices
in Guwahati, Assam, reflected the cultural significance
of gold in India, with 24-karat gold prices dropping
to Rs 97,670 per 10 grams in the national capital,
a decline of Rs 930, and 99.5% pure gold falling to
Rs 97,200 per 10 grams, according to HDFC Securities.
In Pakistan, 24-karat gold per tola fell to Rs 342,500
on June 30, down from Rs 351,000 on June 27, with
global prices dropping to $3,290 per ounce. The Israel-Iran
ceasefire, announced around June 24, significantly
reduced safe-haven demand for gold, contributing to
a 2% drop in spot gold to $3,319.96 per ounce by June
25. Analysts note that gold’s safe-haven appeal
weakened as global trade optimism grew and Middle
East tensions eased, with MCX gold for August futures
in India dropping to Rs 95,524 per 10 grams on June
27. Experts like Jigar Trivedi from Reliance Securities
suggest further declines, potentially to Rs 94,000
per 10 grams, with key support levels for COMEX gold
at $3,200–$3,230 per ounce. Despite the bearish
trend, some analysts, like Andrew Maguire, highlight
a shift toward Eastern physical gold exchanges, where
demand remains strong due to Basel III compliance,
suggesting long-term resilience for physical gold.
Conversely, posts on X indicate sentiment around gold’s
downtrend, with some users suggesting it could signal
a shift to other investments like altcoins, though
this remains speculative. In India, gold’s cultural
and investment appeal persists, especially during
the wedding season, but prices are under pressure
from global factors like US economic data and Federal
Reserve policies. For instance, Kerala saw gold rates
drop by Rs 680 per sovereign to Rs 71,880 on June
27. Investors are advised to monitor upcoming US and
European economic data, which could further influence
prices.
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