Ventura Securities expects gold to hit $3,600 an ounce
Ventura Securities expects gold prices to remain firm and trade between ₹1.05 lakh and ₹98,000 per 10 gm given the global economic slowdown and geo-political developments.
The firm gold price trend is supported by macroeconomic headwinds, geopolitical tensions and robust investment demand. Ventura expects Comex Gold to touch $3,600 an ounce by year-end, after hitting a record high of $3,534 on early this month, surpassing the previous peak of $3,510 set in April.
Over the past 20 years, gold has delivered positive annual returns in 14 calendar years, reinforcing its status as a proven store of value and a hedge against inflation.
Recent performance underscores its resilience, with average annual returns of 23 per cent over the last three years compared to 11 per cent for the Nifty.
In volatile market conditions, gold’s negative correlation to equities has provided effective diversification, cushioning portfolio losses during sell-offs while participating in upswings.
NS Ramaswamy, Head of Commodities, Ventura, said gold’s strategic role in portfolios has strengthened as investors navigate an era of slower global growth, policy uncertainty and elevated geopolitical risks.
Inflationary pressures, a softer dollar and expected Fed rate cuts could keep gold prices on the upside through the rest of 2025, he said.
Published on August 19, 2025
