By Admin 
Gold price today: Today, on April 4, 2025, there has been a huge decline in the price of gold. On the one hand, where investors are benefiting, the pressure on consumers has increased. An analyst of Morningstar in the US has predicted a decline in gold prices by 38 percent in the coming years.
The price of gold may be so low
Today, the price of 10 grams of 24 carat gold in domestic markets is Rs 90,000, while in the global market it is priced more than $ 3,100. With a possible decline of about 40 percent, its price can reach about 55,000 rupees per 10 grams in Indian markets in the coming time. Morningstar strategist John Mills hopes that gold prices will fall from the current $ 3,080 an ounce to $ 1,820 an ounce, which is a huge fall in gold prices.
The price was increased due to this
There were many major reasons behind the rise in the price of gold in recent times such as economic uncertainty, the possibility of inflation, geopolitical tension, American tariffs, etc. Due to this, there was a lot of demand for gold in the form of safe investment. However, now there are many factors that can reduce prices.
Why will the price be low?
Increasing gold supply- Gold production has increased considerably. In the second quarter of 2024, mining profits reached around $ 950 an ounce. The global store of gold has also increased by 9 percent to 2,16,265 tonnes. Australia has increased the production of gold a lot and the recycle gold supply has also increased.
Demand reduction- Last year, demand may be reduced from central banks who buy 1,045 tonnes of gold. A survey by the World Gold Council has revealed that 71 Central Banks are planning to reduce or maintain their gold reserves.
Market Seturation- In the year 2024, there has been an increase of 32 percent in merger and acquisition in the sector of gold, which is a sign of peak in the market. Apart from this, the increase in gold-supported ETFs reflects patterns that were seen last time at the time of prices.
Also read:
Trump’s announcement and the price of gold fell from the structure, gold rate reached a week’s low