00:00Sir, recently, a report of the World Gold Council has also come out, in which it has been said that next year gold will be impacted by growth and inflation rates.
00:11And like 2024, the speed that we have seen this year, we will not see it as fast as WGC.
00:19But the report of Goldman Sachs says that there will be hope for speed in this.
00:24What do you think, sir, what is the outlook of 2025?
00:28The outlook of 2025 should also be good, as far as gold is concerned.
00:32We believe that global uncertainty will remain in the year 2025.
00:37Because there are geopolitical tensions, along with the rise and fall of the dollar, which will also create the volatility of gold somewhere.
00:46Secondly, the predictions of global growth have been continuously decreasing here.
00:50So that will also be a matter of concern.
00:52And the buying of the Global Central Bank, we believe, will continue in the year 2025.
00:58Because China recently put a halt to gold buying.
01:03So after 6 months, we have seen the buying return in the month of November.
01:08So overall here, we can say that the fundamentals will remain in the year 2025.
01:14But somewhere here, the overall factors will remain supportive for gold.
01:20The U.S. Fed has recently reduced the outlook of interest rates from 4 red cuts to 2 red cuts for the year 2025.
01:29So because of that, we are seeing a little strength in the dollar index.
01:33And because of that, we are seeing corrections in prices at a higher level.
01:37But we believe that this is a temporary phenomenon, we can say that it will remain for the next 1-2 months.
01:42But overall, if we talk about the whole year, then there will be a good year for gold to return in the year 2025.
01:48And we believe that returns up to 12-15% can also be seen in gold in the year 2025.
01:54Sir, now let's take a look at what levels you would like to give gold in the year 2025.
02:01In the year 2025, we believe that there will be strong support around $2,500 in gold.
02:09And the possibility of going below that is less here.
02:14Gradually, we believe that prices can go up to $2,500-$3,000 in the international market by the end of the year.
02:22If I talk about the Indian markets, then the downside should be around $72,000.
02:29And on the upside, we believe that prices can go up to $85,000-$90,000 by the end of the year.
02:36So initially, there can be some pressure in the initial 1-2 months.
02:40But if we talk about the long term, then prices can go up to $90,000 by the end of the year.
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