Gold Price: The price of gold is once again seen bounce. On Wednesday, gold prices were strengthened in the domestic futures market (MCX). June delivery gold rose 0.66 per cent to 95,470 per 10 grams. The main reason for this boom is the weakness of the US dollar and global economic instability.

Dollar weak, gold becomes cheaper

US dollar weakness has made gold cheaper to other currencies internationally, which has increased demand. The direct effect of the dollar fall is that gold prices become cheaper for other currency holders and they are attracted to shopping.

Moodyes reduced credit rating

The tax deduction bill in the US and the rising budget deficit have increased the apprehensions about the financial situation there. Investors have turned to gold as a safe investment option after Moody’s recently reduced the US credit rating. Due to this, there has been an increase in the prices of gold and silver.

Interest rates cut worldwide

On Tuesday, the central bank of China cut off 10 basis points in its one year and five years loan rates, while Australia also cut 25 basis points in its interest rates. The impact of these policies has also been positive on the prices of gold and silver.

Scope for fall in prices low

Experts believe that China imported the most gold in about a year last month. Apart from this, the wedding season going on in India is also keeping the demand for gold strong. He said that until a big trigger is revealed, prices can remain with a limited range fluctuations.

Gold and Silver support and registration level

According to The Mint report, gold will be supported at 94,200 and 93,650, while 95,360 and 95,800 will be registered. At the same time, support on 96,650 and 96,000 for silver and registration from 98,000 to 98,850 can be seen. At the same time, silver can be purchased at the level of 96,800, in which 96,150 stop loss and 98,250 target can be kept.

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Gold Price: In the coming days, the price of gold can increase with a record breaking rapidly. JP Morgan said in his forecast that by mid -2026, the price of gold can cross 4 thousand dollars per ounce. The bank recently said in a note that the concerns of the growing recession, the high tariffs installed by the US and the growing trade tension between the US and China are expected to increase the yellow metal continuously.

JP Morgan believes that the average price of gold will be $ 3,675 an ounce by the fourth quarter of 2025. He said that if the demand for investors and central banks remain strong, then prices can touch the level of $ 4,000 before. So far this year, there has already been a rise of 29% in spot gold. On April 22, gold reached an all -time high of $ 3,500 an ounce.

Goldman Sachs is also now adopting a faster stand, which has recently increased its forecast of the last 2025 from $ 3,300 to $ 3,700 an ounce. The bank says that in an extreme position, gold can also reach $ 4,500 by the end of next year.

Actually, a major factor behind this forecast of JP Morgan is a strong purchase from investors and central banks. The bank hopes that this year the demand for pure gold will be around 710 tonnes per quarter. Experts wrote, “Our forecast for moving gold prices to $ 4,000 an ounce next year is a strong demand for investors and central banks. Which is purely about 710 tonnes per quarter this year.”

Nevertheless, JP Morgan has also indicated in his forecasts towards potential negative risks. If the demand of central banks is weak or if the American economy faces tariffs better than anticipated, the fed can adopt a more aggressive stance – potentially raising interest rates.

The bank warned, “The more importantly the landscape of the recession will be where the US economic growth remains incredibly flexible to tariffs, which can make the fed far more active in dealing with the risks of inflation, which will make the market feared an increase in rates before real worrying inflation comes.”

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