Brokerage firm Ventura has said that by the end of this year, the price of comex gold can reach $ 3,600 an ounce for the first time. On August 7, the price of gold on Comex Gold platform reached $ 3,534.10 an ounce which is a record in itself. The previous record was $ 3,509.90 which was made in April this year. On both occasions, the increase in prices abroad was also seen in the country on the price of gold.
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According to Ventura, gold prices are likely to increase this year due to ground-political stresses, large-economic challenges and strong metal demand for investment. Gold has given positive returns during 14 of the last 20 years. In the last three years, it has given an average annual return of more than 23 percent, while in the same period, Nifty-50 has given an average return of 11 percent. Comex Gold has given a return of 13.08 percent in 2023, 27.23 percent in 2024 and 28.68 percent till July 2025.
NR Ramaswamy, the head of Commodities in Ventura, said that the strategic role of gold in the portfolio has strengthened as investors are facing dull global development, uncertainties at the level of policy making and increased geopolitical risks.
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He said that gold will rise by the end of 2025, given the pressure of inflation, softening of dollars and cutting policy interest rates in the US. Analysis shows Comex Gold can also reach $ 3,600 an ounce this year.
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Ventura reported that gold demand in the second quarter of 2025 rose three per cent to 1,249 tonnes compared to the same period last year. Investment demand made a decrease in demand for jewelery manufacturing. The amount of gold lying near the central banks has reached 36,345 tonnes, of which India’s gold reserves are 880 tonnes. Input agencies edited by: Sudhir Sharma
