Gold outshines Sensex, Nifty in 2024: Will the bull run continue in 2025 – CNBC TV18
1 / 7Bullish sentiment for 2025 | Piyush Gupta, Director at PP Jewellers by Pawan Gupta, notes that gold continues to shine both as a reliable investment and an item of adornment. As we look into 2025, its appeal will continue to rise, with the increasing focus on sustainable sourcing.
![Vikas Singh, MD & CEO of MMTC-PAMP, sees a strong investment narrative forming, driven by the reduction of import duties and India’s cultural affinity for gold. He highlights, "The gold sector has evolved, incorporating digital gold, ETFs, and traditional physical purchases into diversified portfolios. The outlook for gold remains promising, especially for long-term investors."](https://images.cnbctv18.com/uploads/2021/02/rupee-e1653454048741.jpg?impolicy=website&width=640&height=360 "Vikas Singh, MD & CEO of MMTC-PAMP, sees a strong investment narrative forming, driven by the reduction of import duties and India’s cultural affinity for gold. He highlights, "The gold sector has evolved, incorporating digital gold, ETFs, and traditional physical purchases into diversified portfolios. The outlook for gold remains promising, especially for long-term investors."")
2 / 7Vikas Singh, MD & CEO of MMTC-PAMP, sees a strong investment narrative forming, driven by the reduction of import duties and India’s cultural affinity for gold. He highlights, “The gold sector has evolved, incorporating digital gold, ETFs, and traditional physical purchases into diversified portfolios. The outlook for gold remains promising, especially for long-term investors.”
![Rahul Joseph, Founder and CEO of White Gold, sees a steady rise in gold prices, supported by persistent inflationary pressures and geopolitical uncertainties. "The year 2024 saw gold holding its value despite some fluctuations. With rising digital gold investments and government initiatives promoting gold monetization, I remain bullish on gold’s role in 2025," he said. Joseph anticipates a continued blend of traditional and modern gold investment methods, particularly appealing to younger, tech-savvy investors.](https://images.cnbctv18.com/uploads/2019/02/2019-02-25T131436Z_2_LYNXNPEF1O07E_RTROPTP_4_ASIA-GOLD-DEMAND.jpg?impolicy=website&width=640&height=360 "Rahul Joseph, Founder and CEO of White Gold, sees a steady rise in gold prices, supported by persistent inflationary pressures and geopolitical uncertainties. "The year 2024 saw gold holding its value despite some fluctuations. With rising digital gold investments and government initiatives promoting gold monetization, I remain bullish on gold’s role in 2025," he said. Joseph anticipates a continued blend of traditional and modern gold investment methods, particularly appealing to younger, tech-savvy investors.")
3 / 7Rahul Joseph, Founder and CEO of White Gold, sees a steady rise in gold prices, supported by persistent inflationary pressures and geopolitical uncertainties. “The year 2024 saw gold holding its value despite some fluctuations. With rising digital gold investments and government initiatives promoting gold monetisation, I remain bullish on gold’s role in 2025,” he says.
![Veer Mishra, Founder of PLUS Gold, also underscores gold’s resilience amid global uncertainty. He comments, "Gold's performance in 2024 has been strong due to global tensions and a consistent demand from both retail and institutional investors. In 2025, gold’s relevance will only grow as inflation, interest rate shifts, and currency fluctuations continue to shape market dynamics."](https://images.cnbctv18.com/uploads/2018/05/2018-05-28T042022Z_1_LYNXNPEE4R06X_RTROPTP_3_VIETNAM-GOLD-PRICES.jpg?impolicy=website&width=640&height=360 "Veer Mishra, Founder of PLUS Gold, also underscores gold’s resilience amid global uncertainty. He comments, "Gold's performance in 2024 has been strong due to global tensions and a consistent demand from both retail and institutional investors. In 2025, gold’s relevance will only grow as inflation, interest rate shifts, and currency fluctuations continue to shape market dynamics."")
4 / 7Veer Mishra, Founder of PLUS Gold, further stresses gold’s resilience amid global uncertainty. He believes that gold’s relevance will only grow as inflation, interest rate shifts, and currency fluctuations continue to shape market dynamics.
5 / 7Market drivers and geopolitical risks | Gold’s track record of thriving in times of crisis remains one of its key strengths. According to analysts at Citigroup, gold could exceed $3,000 per ounce by the end of 2025, driven by ongoing geopolitical risks and persistent inflation. With Donald Trump returning to the US presidency and continuing instability globally, the precious metal’s role as a safe haven is more critical than ever.
6 / 7ICRA forecasts a strong 14-18% year-on-year growth in domestic gold jewellery consumption, especially during the wedding and festival seasons. The momentum from FY2024, which saw an 18% growth in gold jewellery consumption, is likely to carry forward into 2025.
![the World Gold Council (WGC) has forecast a slower pace of growth for gold in 2025. According to the WGC's 2025 outlook, while gold remains a safe-haven asset, the global economic backdrop suggests more modest price increases next year."The market consensus of key macro variables such as GDP, yields, and inflation—if taken at face value—suggests positive but much more modest growth for gold in 2025," the WGC stated in its report. However, the council notes that gold could see additional gains if central banks continue their acquisitions or if “a rapid deterioration of financial conditions” leads investors to seek safe-haven assets.](https://images.cnbctv18.com/uploads/2024/09/shutterstock-2467026353-2024-09-7f921d330a033c451ef8655e55855e2d-scaled.jpg?impolicy=website&width=640&height=360 "the World Gold Council (WGC) has forecast a slower pace of growth for gold in 2025. According to the WGC's 2025 outlook, while gold remains a safe-haven asset, the global economic backdrop suggests more modest price increases next year."The market consensus of key macro variables such as GDP, yields, and inflation—if taken at face value—suggests positive but much more modest growth for gold in 2025," the WGC stated in its report. However, the council notes that gold could see additional gains if central banks continue their acquisitions or if “a rapid deterioration of financial conditions” leads investors to seek safe-haven assets.")
7 / 7On the other hand, the World Gold Council (WGC) has forecast a slower pace of growth for gold in 2025. According to the WGC’s 2025 outlook, while gold remains a safe-haven asset, the global economic backdrop suggests more modest price increases next year. “The market consensus of key macro variables such as GDP, yields, and inflation — if taken at face value — suggests positive but much more modest growth for gold in 2025,” the WGC stated in its report. However, the council notes that gold could see additional gains if central banks continue their acquisitions or if “a rapid deterioration of financial conditions” leads investors to seek safe-haven assets.
