Gold Prices Go Up Worldwide; Fewer Buyers in India
Gold prices are going up across the world. Experts say this is because the U.S. might cut interest rates soon, and global tensions are making investors buy more gold as a safe option. A big international bank, UBS, now believes gold could reach $3,800 per ounce by the end of 2025, and even $3,900 by mid-2026.
In India, gold prices have also increased. In some cities like Hyderabad and Mumbai, the price of 22-carat gold has gone up by around ₹700 per 10 grams. But even though prices are rising, gold shops say that fewer people are buying. Many customers are waiting for prices to drop before they purchase.
Even during the festival season—when gold buying is usually high—demand is low. Sellers are even offering discounts, but people are still holding back due to the high cost.
Experts say if prices stay high, this year’s gold sales may be weaker than usual, especially during festivals and weddings. Gold is seen as a good long-term investment, but right now, many people feel it’s too expensive.
