Sat Feb 01 15:30:00 UTC 2025: ## Gold Prices to Fall, Silver to Rise in 2024: Economic Survey
**Hyderabad, India** – India’s Economic Survey predicts a decline in gold prices and a rise in silver prices during 2024. The survey cites record-high gold reserves in 2024 (post-World War II) attributed to increased purchases by central banks in emerging economies. It also references a World Bank report projecting a 5.1% drop in commodity prices in 2025 and a further 1.7% decrease in 2026. Despite the global increase in gold prices leading to higher imports, the government is carefully monitoring the impact of gold prices on inflation, trade, and foreign exchange. The survey further anticipates a decrease in crude oil prices, while natural gas prices are expected to increase. Stable demand is predicted for metals and agricultural raw materials, although iron and zinc prices are projected to fall. Currently, 10 grams of 24-karat gold trades around ₹84,900 in the Hyderabad bullion market, while the price of a kilogram of silver stands at ₹96,000.
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