Gold Prices to Decline and Silver Prices to Rise in 2025, Economic Survey Report Reveals.
The Economic Survey report predicts a decline in gold prices and a rise in silver prices for 2025. It highlights a 5.1% shrinkage in the global commodity market this year, with further declines expected next year. Falling crude oil prices are identified as a key factor, benefiting India, while natural gas and metal prices may rise. The report also notes that central banks are adjusting their strategies for holding foreign exchange reserves due to global economic uncertainties.
The economic survey report states that gold prices are expected to decline this year, while silver prices may rise.
Referring to the World Bank's commodity market report from last October, the economic survey highlights that the commodity market is expected to shrink by 5.1% this year and further decline by 1.7% next year.
The report attributes the decline in the commodity market to falling crude oil prices globally. It also mentions that this downturn in the commodity market will be favorable for India, although the prices of natural gas and certain metals may rise.
Due to global economic uncertainties, central banks are altering their approach to holding foreign exchange reserves, according to the survey.
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