Gold Price Prediction for July 2025

Gold prices have experienced significant fluctuations recently, settling near a six-week low. This volatility is expected to continue, influenced by several global factors.

Factors Driving Gold Prices

Uncertainties surrounding US President Donald Trump’s tariff policies, upcoming trade deals, and potential additional tariffs on BRICS countries are key drivers. Manav Modi, Senior Analyst at Motilal Oswal Financial Services Ltd, provides insights into these dynamics.

Market Reactions and Predictions

Recent developments, including easing US-China trade tensions and a tentative Iran-Israel ceasefire, have reduced safe-haven demand for gold. Despite a weakening US dollar, stronger-than-expected US nonfarm payroll data has pressured gold prices.

Investment Strategy

With the FOMC minutes and tariff deadlines approaching, investors are advised to stay cautious. The gold price range is projected between Rs 96,000 and Rs 98,000, with potential drops to Rs 94,000 if the lower range is breached.

Disclaimer: The views expressed are those of the experts and do not represent the stance of The Times of India.