Gold Price Prediction 2025: The price of precious yellow metal retreated on Monday, April 14, from a record high hit earlier in the session as trade tensions eased after US President Donald Trump exempted smartphones and computers from “reciprocal” U.S. tariffs.
Spot gold was down 0.1 per cent at $3,232.45 an ounce, as of 0329 GMT. Bullion hit a record high of $3,245.42 earlier in the day.
US gold futures edged 0.1 per cent higher to $3,248.20.
‘Tariff Exemption’
“Softer US dollar has been assisting gold, but news of tech product tariff exemptions lifted risk appetite and caused safe-haven demand to ease. This has caused gold to lack clear direction,” news agency Reuters quoted KCM Trade chief market analyst Tim Waterer, as saying.
The White House announced the exclusions from steep reciprocal tariffs on Friday. However, Trump bore down on Sunday on his administration’s latest message that the exclusion of smartphones and computers from his reciprocal tariffs on China will be short-lived.
“Ongoing trade and tariff dramas have created higher volatility and uncertainty levels in financial markets, and in such an environment the gold price could be eyeing off a run towards $3,300 in the near term should dollar weakness persist,” Waterer added.
Non-yielding gold is traditionally viewed as a hedge against economic uncertainty and inflation.
Gold prices vaulted on Friday over the $3,200-per-ounce mark for the first time as intensifying U.S.-China trade tensions rattled global markets.
Gold Rate Today In India
Gold prices in India have soared, with 24-carat gold now priced at Rs 93,350 per 10 grams. After adding the 3 per cent Goods and Services Tax (GST), the cost of physical gold crosses Rs 96,000 per 10 grams. On the Multi Commodity Exchange (MCX), gold futures touched an all-time high of Rs 93,940 on Friday, driven by strong buying sentiment amid rising geopolitical tensions between the US and China.
According to data from the India Bullion and Jewellers Association (IBJA), 22-carat gold is currently available at Rs 91,110 per 10 grams. Meanwhile, 20-carat gold stands at Rs 83,080, 18-carat at ₹75,620, and 14-carat at Rs 60,210 per 10 grams.
So far in 2025, gold prices have surged nearly 20 per cent, translating to a jump of about Rs 16,000 per 10 grams.
Gold Price Prediction 2025
Meanwhile, Goldman Sachs raised its end-2025 gold price forecast to $3,700 per ounce from $3,300, with a projected range of $3,650-$3,950, citing stronger-than-expected demand from central banks and higher exchange-traded fund inflows due to recession risks.
“If a recession occurs, ETF inflows could accelerate further and lift gold prices to $3,880 per troy ounce (toz) by year-end,” the bank said in a note dated Friday.
“That said, if growth surprised to the upside on reduced policy uncertainty, ETF flows would likely revert to our rates-based predictions, with year-end prices closer to $3,550/toz.”
Traders see around 80 basis points worth of cuts by the end of 2025.
Bullion tends to thrive in a low-interest-rate environment.
Elsewhere, price premium for gold in top consumer China widened last week due to consumers and investors seeking refuge from the country’s escalating trade war with the United States, analysts said.
Spot silver lost over 1 per cent to $31.91 an ounce, while platinum added 0.6 per cent to $948.45 and palladium gained 0.8 per cent to $922.98.