Year Ender 2024 Gold Rate Outlook: By October 2024, the price of gold was seen with a jump of 35 percent, which is its best performance in 40 years i.e. 4 decades. After this, till mid-November, gold was seen trading with a decline of 5 percent, despite this, there was a jump of 28 percent in gold annually, that is, its return has been more than 28 percent. Now if you have a question in your mind that how is the movement of gold going to be, then we are telling you the gold outlook.

The effect of the signals coming from America will be visible

The US Federal Reserve has cut interest rates by 0.25 percent as a decision in this Fed meeting and has decided to continue the process of cutting interest rates for the year 2025 as well. After this, the trend of rising dollar prices is continuing and its opposite effect is coming on the rate of gold. There is a possibility of a slow monetary policy in the year 2025 and due to this, fluctuations are also being seen in the price of gold, so gold had fallen to the rate of $ 2584 per ounce before reaching $ 2600 per ounce.

What do the technical levels of gold say?

If we look at the technical level of gold, the market is optimistic about its reaching $2634 per ounce. If gold goes above $2674 per ounce, then its price can reach $2725, $2780 and even $2840 per ounce. However, the possibility of a fall in the gold rate due to global uncertainties cannot be ruled out. 

How will be the price of gold in India-business

A fall of up to Rs 76500, Rs 75200 and Rs 74000 can be seen in gold and the reason behind this seems to be the strengthening of the dollar. Experts are estimating that the returns on gold in the year 2025 will not be as good as in the year 2024.

Central banks continue to buy gold

Central banks of many countries of the world are currently focusing on buying gold and increasing their gold reserves. This can be a good strategy to deal with geo-political situations by strengthening gold reserves, hence, the central banks of Germany, France, China and India are also rapidly increasing their gold reserves.