What is the Ideal Gold Buying Range According to Recent Reports?
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Synopsis
In a recent report, Religare Broking identifies the ideal gold buying range at Rs 1.14 lakh to Rs 1.18 lakh per 10 grams, suggesting a strategic accumulation approach. With gold prices soaring significantly, this insight offers valuable guidance for investors looking to navigate the current market landscape.
Key Takeaways
- Buying Range: Rs 1,14,000 to Rs 1,18,000 per 10 grams.
- Price Surge: Gold prices increased by nearly 67% since January.
- Staggered Buying Approach: Recommended for investors.
- Technical Strength: Gold remains above key moving averages.
- Central Bank Demand: Continued strong purchases by central banks.
New Delhi, Oct 17 (NationPress) According to Religare Broking's Diwali 2025 Gold Special Report, the optimal buying range for gold is recommended to be between Rs 1,14,000 and Rs 1,18,000 per 10 grams. This range presents a lucrative opportunity for accumulation within the ongoing market uptrend.
Since January, gold prices in India have surged nearly 67%, reaching a record peak of Rs 1,31,920 per 10 grams as of Friday.
The precious metal has demonstrated a significant increase since August, escalating from around Rs 98,500 per 10 grams to over Rs 1.26 lakh by October.
Religare Broking attributes this remarkable rally to a blend of global and domestic influences, including geopolitical tensions, a weakening dollar, robust central bank purchases, and expectations of relaxed monetary policies in major economies.
Nonetheless, they caution that gold may have entered overbought territory, which could trigger profit-taking or sideways movement in the near future.
The report advises investors to use a staggered buying strategy, gradually accumulating gold during price corrections instead of making aggressive purchases at current highs.
Religare anticipates that gold could rise towards Rs 1,35,000 to Rs 1,42,000 per 10 grams in the short to medium term if prices recover from the suggested buying zone.
From a technical perspective, gold continues to exhibit strength, trading above essential moving averages such as the 20-day and 50-day EMAs, which indicates sustained investor confidence.
“However, if prices drop below Rs 1,05,000 per 10 grams, it could indicate weakness and lead to a more significant correction,” the report cautioned.
Religare also noted that central banks, including those in India and China, continue to be significant purchasers of gold, collectively acquiring over 1,000 tonnes for the third consecutive year.
Additionally, global gold-backed ETFs have seen inflows of $64 billion thus far in 2025, with India contributing $10 billion in September alone.
The global rally in gold has also been remarkable, with prices surpassing the $4,000 per ounce milestone for the first time.
Analysts predict that ongoing demand from central banks, investors, and festive buyers, coupled with supply constraints, will help maintain strong prices throughout 2025 and beyond.
Point of View
I believe the insights provided by Religare Broking serve as a crucial guide for investors navigating the volatile gold market. The recommendation for a staggered buying approach is prudent, especially in light of current price trends and economic indicators.
NationPress
18/10/2025
Frequently Asked Questions
What is the recommended buying range for gold according to the report?
The report suggests an ideal buying range of Rs 1,14,000 to Rs 1,18,000 per 10 grams.
Why have gold prices surged in recent months?
Gold prices have surged due to geopolitical tensions, a weakening dollar, strong central bank buying, and expectations of easier monetary policies.
What should investors consider when buying gold now?
Investors are advised to adopt a staggered buying approach, accumulating gold during price corrections rather than making aggressive purchases at current high prices.
What are the technical indicators for gold's performance?
Gold is trading above key moving averages like the 20-day and 50-day EMAs, indicating strong investor confidence.
What is the long-term outlook for gold prices?
Analysts expect continued demand and supply constraints to keep gold prices firm through 2025 and beyond.
