After touching record high in recent weeks, there has been a slight decline in gold prices. Today, 24 carat gold is trading between ₹1,53,600 to ₹1,55,400 per 10 gram in the Indian market, which provides some relief from last week’s all-time high of ₹1.80 lakh. However, global brokerage JP Morgan believes that this decline is only temporary. According to him, the price of gold in the international market can reach $6,300 per ounce by the end of this year. This will have a direct impact on the Indian market, where Gold can cross the level of ₹ 2 lakh per 10 grams. Heavy buying by Central banks, shift from dollar and currency security are considered to be the major reasons for this rally. The outlook for Silver is also positive and prices are expected to reach $75–$80 per ounce.

The country’s eyes are now fixed on February 1, when Finance Minister Nirmala Sitharaman will present the country’s general budget. Like every time, this time too the common man, middle class, farmers and elderly have great expectations from the budget. The question is whether this time’s budget will reach people’s pockets directly, whether the government will be able to provide relief amid inflation and whether the economy will get a new impetus.

Today, despite the decline in the stock market, there was a tremendous rise in jewelery shares. Stocks such as Senco Gold, Titan, Kalyan Jewellers and Goldim International recorded a jump up to 6%. The expectation of demand to increase in the festive season, the companies’ business expansion plans and the prediction of stability in the gold price by the World Gold Council are the main causes of this boom. The Senco Gold was seen trading close to ₹ 380 with a gain of 5%, Kalyan Jewellers closed around ₹ 600 and Titan also recorded a 1% increase. Despite Broader Market Weakness, Jewelry Stocks Outperformed Due to Strong Festive Demand Expectations, Stable Gold Pries Prois Projects Projected for Late 2025, And Exposition Plans by KEY Players. Watch this video for a detailed analysis on what’s Driving this uptrend and whether it’s a good time to invest in jewelery stocks.