Gold Price Analysis – 13 May 2025

Gold Price Analysis – 13 May 2025
Current Trend
Gold prices have recently declined after hitting record highs. The global price is around $3,241 per ounce, showing a drop from recent peaks67.
In India, gold rates are also slightly down, with 24K gold at ₹9,687 per gram and 22K at ₹8,879 per gram3.
Key Drivers
The recent fall is linked to a stronger US dollar and profit-booking after a parabolic rally24.
Volatility is driven by economic signals, US-China trade developments, and geopolitical tensions, such as the India-Pakistan situation4.
Technical indicators show short-term bearish momentum, with prices pulling back from higher levels and forming bearish patterns8.
Forecast & Outlook
Analysts expect gold prices to remain under pressure in May 2025, with further declines possible as overbought conditions unwind27.
Major banks have long-term bullish forecasts due to central bank buying and inflation, but short-term sentiment is cautious5.
Strategy
Traders are advised to be cautious, watching key support levels (e.g., ₹96,000 in India). Selling below these levels could target ₹94,800 or lower4.
Long-term investors may consider accumulating on dips, but short-term traders should be wary of further volatility82.
Summary Table
Factor
Trend/Outlook
Price Movement
Declining, post-record highs
Short-term View
Bearish, profit-taking phase
Long-term View
Bullish (central bank demand)
Key Levels (INR)
Support: ₹96,000; Target: ₹94,8004
Gold is in a corrective phase after a strong rally; monitor support levels and global cues for next moves248.