Gold prices: Gold was trading at record levels around Dhanteras 2025. In its ‘Dhanteras 2025 Gold Report’, Axis Securities discussed the factors that have been influencing gold prices.
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Factors highlighted in the report
The report pointed to global economic and political uncertainties, the possibility of interest rate cuts in the US, continuous gold purchases by central banks and increasing ETF inflows as key factors behind gold’s rise.
Gold prices had already reached record levels at the time of the report. Prices can move sharply in either direction, and past performance does not indicate future returns.
Global signals and market conditions
At the time of writing, gold was at record highs in October 2025. MCX Gold was also rising, and central bank purchases, geopolitical tensions and expectations of interest rate cuts in the US were the factors behind this.
Why is gold prices increasing?
Interest rate cuts in the US – Low yields have increased attraction for gold.
Central bank purchases – Large amounts of gold are being stored to reduce dependence on the dollar.
Geopolitical tensions – Tariffs, wars and conflicts have increased demand for ‘safe-haven’.
Dollar fall – People are buying gold due to the fall in the dollar index.
ETF investment surge – Investors are flocking to gold as a hedge against inflation and volatility.
A note for readers
This article explains a brokerage report and the factors behind gold prices. It is not a recommendation to buy or sell gold. Gold prices can fall as well as rise, so consider your own goals and risk profile, or speak to a SEBI-registered investment adviser, before investing.
Investment options
Instead of buying physical gold, people can also hold gold through Gold ETFs. Existing Sovereign Gold Bonds trade on stock exchanges; no new SGB tranche has been issued since February 2024. These remove purity and storage concerns, but their value still moves with gold prices.
Investments in the securities market are subject to market risks. This article is for education only and is not investment advice.
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