Gold News : First Time in 12 Years, Which Record Will Be Broken? Big Update on Gold from America…

Gold News | In the past few days, gold prices have been fluctuating. After gold prices in India crossed the one lakh rupee mark, customers were worried, while investors’ expectations about returns rose. Now, after the U.S. implemented new tariff rates, its impact has started to be felt globally.

In the second quarter (April–June) of 2025, gold demand was 124 tonnes. This is a 34% drop compared to the previous quarter. However, on an annual basis, this demand has increased by 110%. It is said that this rise is due to heavy demand in gold ETFs. From January to May 2025, the U.S. exported 268 tonnes of gold, which is about 60% of the total 451 tonnes exported in 2024. If this pace continues, exports in 2025 could cross 700 tonnes. This level would be the highest since 2013.

Gold demand falls but prices rise…
Jewellery demand fell by 7% and total demand came down to 30 tonnes. Yet, its value reached 3 billion dollars. Experts say that the 49% increase during the quarter was solely due to price hikes. Meanwhile, demand for bars and coins came down to 9 tonnes — the lowest since the fourth quarter of 2019, according to experts. The value of gold investments fell by 35% to just 929 million dollars.

Gold market now seeing a shift towards ETFs…
U.S. ETFs added 70 tonnes of gold in the second quarter, while in the first half (January–June), this number was 203 tonnes. ETF holdings have now reached 1,785 tonnes — valued at 189 billion dollars. In July alone, new investments worth 2 billion dollars came into ETFs.

Will the 12-year-old record be broken?
From January to May, the U.S. exported 268 tonnes of bullion. Compared to 2024’s total of 451 tonnes, this is around 60%. If such demand continues, exports in 2025 could exceed 700 tonnes. This would be the highest level since 2013.

What did dealers say?
Both retail and wholesale sales volumes are low. Now, dealers are buying only as much as they can sell. Retail chains like Costco are selling gold at discounted rates through credit card and membership offers. Due to high prices, customers are confused and are postponing purchases.

Drop in technology sector demand…
Gold demand related to electronics has fallen in the U.S. and Japan. AI and some emerging sectors have provided some support, but this decline could not be fully stopped.

What’s next?
There is a possibility of interest rate cuts in September and December. The forward price of gold is expected to be between $3,300 and $3,400 per ounce. Gold ETFs are still a strong investment option. However, experts suggest that physical gold buyers should consider aspects like price, volume, and dealer premium before making a decision.