EduInvesting.in | May 13, 2025 – Safe Haven or Sinking Ship?
Gold just hit an all-time high — ₹90,000 per 10 grams in India and $3,080/oz globally — and every uncle at the jewelry store was whispering “beta abhi le lo, aur mehenga hoga.”
But wait… a US-based Morningstar analyst just showed up with a forecast so brutal, it could melt your gold chain:
“Gold could fall 38–40% in the coming years.”
Yes. You read that right. From ₹90,000 to ₹55,000.
And now your family WhatsApp group is suddenly silent.
📊 What’s Behind This Bold Prediction?
John Mills, strategist at Morningstar, dropped a bombshell outlook:
- Gold could fall from $3,080 to $1,820 per ounce globally
- In India, that would mean a collapse from ₹90,000 to ~₹55,000 per 10g
🧠
EduInvestor Translation:
“The safe haven might not be so safe anymore. And if you’re buying gold thinking it’ll save you from stock market chaos… you might need saving first.”
🔍 Why the Sudden Bearish View?
1. 📦 Supply Surge
- Mining profits hit $950/oz in 2024
- Global reserves up 9%
- Australia & recycled gold flooding the market
Translation: Everyone’s selling gold like it’s 2020 again.
2. 📉 Demand Drop
- Central bank buying is slowing down
- World Gold Council: 71% of central banks plan to reduce or maintain holdings
