Gold price right now: Gold costs have been caught in an distinctive bull run to date in 2025, having already delivered a large 28% return to buyers on a year-to-date (YTD) foundation. However brokerage Ventura Securities doesn’t imagine one of the best of the gold rally is behind us, and estimates a brand new excessive for Comex gold costs this yr.
Gold costs have been buying and selling in a decent vary for the previous few weeks, being pulled in numerous instructions amid efforts to safe a Russia-Ukraine peace deal and weak US labour knowledge. Nonetheless, the brokerage believes that macroeconomic headwinds, geopolitical tensions, and strong funding demand will hold gold costs elevated within the second half of 2025.
Towards this backdrop, it expects Comex Gold to the touch $3,600 by year-end. From right now’s stage, it alerts an upside of almost 8% for buyers. The Comex Gold hit a document excessive of $3,534.10 on August 7, 2025, surpassing the earlier peak of $3,509.90 set in April 2025.
NS Ramaswamy, Head of Commodities, Ventura, stated, “Gold’s strategic function in portfolios has strengthened as buyers navigate an period of slower world progress, coverage uncertainty, and elevated geopolitical dangers. With inflationary pressures, a softening US greenback, and anticipated US Fed price cuts, we see sustained upside potential in gold costs by way of the rest of 2025.”
Our evaluation signifies COMEX Gold may take a look at the $3,600 mark by year-end, supported by sturdy ETF inflows, regular central financial institution shopping for, and strong retail participation in India’s gold funding market, he added.
Gold Worth Pattern
The info during the last 20 years exhibits that gold has delivered optimistic returns in 14 years, underscoring its standing as a retailer of worth and inflation hedge.
| Yr | Nifty50 Returns (%) | COMEX Gold Returns (%) | MCX Gold Futures Returns (%) |
| 2025 (YTD – Jul) | 4 | 28.68 | 28.69 |
| 2024 | 8.8 | 27.23 | 21.43 |
| 2023 | 19.4 | 13.08 | 14.88 |
| 2022 | 2.7 | -0.23 | 14.38 |
| 2021 | 23.8 | -3.51 | -4.09 |
| 2020 | 14.8 | 24.43 | 28.24 |
| 2019 | 11.5 | 18.83 | 24.58 |
| 2018 | 4.1 | -1.15 | 7.67 |
| 2017 | 28.7 | 12.57 | 6.23 |
| 2016 | 2.8 | 8.63 | 10.08 |
| 2015 | -4.1 | -11.59 | -6.64 |
The latest efficiency, with common annual returns of 23% during the last three years in comparison with 11% for the Nifty 50, additionally highlights its resilience and shifting investor desire.
In unstable market circumstances, gold’s adverse correlation to equities has supplied efficient diversification, cushioning portfolio losses throughout sell-offs whereas collaborating in upswings, the brokerage added.
Indian Gold Funding Pattern
In the meantime, again dwelling, amid a 28% bounce in MCX gold costs, gold ETF holdings rose 42% year-on-year to 66.68 tons as of June 30, 2025, with AUM surging 88% to ₹64,777 crore.
The variety of investor accounts expanded 41% to 76.54 lakh, reflecting rising desire for digital gold investments, stated the brokerage.
“This shift from conventional jewelry possession to tech-enabled funding channels is being pushed by Gen Z buyers, fractional possession fashions, and the affect of social media and fintech improvements,” it stated.
Disclaimer: This story is for academic functions solely. The views and proposals expressed are these of particular person analysts or broking companies, not Mint. We advise buyers to seek the advice of with licensed specialists earlier than making any funding choices, as market circumstances can change quickly and circumstances could fluctuate.
