2025 年黄金市场展望：行业领导者和分析师预测持续增长

进入 2025 年，黄金继续巩固其作为可靠投资和珍贵装饰品的地位。行业领导者和分析师持乐观态度

Gold is set to retain its allure in 2025 as a reliable investment and ornament, with industry leaders and analysts optimistic about the precious metal’s outlook amid persistent inflation, geopolitical risks, and evolving market dynamics.

到 2025 年，黄金将继续保持其作为可靠投资和装饰品的吸引力，在持续的通胀、地缘政治风险和不断变化的市场动态中，行业领袖和分析师对贵金属的前景持乐观态度。

As we move into 2025, gold continues to solidify its position both as a safe investment and a cherished ornament. Industry leaders and analysts are optimistic about the precious metal’s outlook, citing factors like inflation, geopolitical risks, and evolving market dynamics.

进入 2025 年，黄金继续巩固其作为安全投资和珍贵装饰品的地位。行业领袖和分析师对贵金属的前景持乐观态度，理由是通货膨胀、地缘政治风险和不断变化的市场动态等因素。

Piyush Gupta, Director at PP Jewellers, highlights that gold’s appeal as both a safe investment and a symbol of adornment is set to rise in 2025, particularly with growing emphasis on sustainable sourcing practices. “Gold will continue to shine in the coming year, driven by its enduring appeal and its status as a hedge against uncertainty,” Gupta notes.

PP Jewellers 总监 Piyush Gupta 强调，黄金作为安全投资和装饰象征的吸引力将在 2025 年上升，特别是随着人们越来越重视可持续采购实践。古普塔指出：“由于其持久的吸引力和对冲不确定性的作用，黄金在来年将继续闪耀。”

Vikas Singh, MD & CEO of MMTC-PAMP, points to India’s cultural connection with gold and the recent reduction in import duties as key factors that will further fuel the sector’s growth. “The gold market is evolving with innovations like digital gold and ETFs, alongside traditional physical purchases, making it an attractive option for diversified portfolios. We remain bullish on gold’s long-term potential,” Singh says.

MMTC-PAMP 董事总经理兼首席执行官 Vikas Singh 指出，印度与黄金的文化联系以及最近进口关税的降低是进一步推动该行业增长的关键因素。 “黄金市场随着数字黄金和 ETF 等创新以及传统的实物购买而不断发展，使其成为多元化投资组合的有吸引力的选择。我们仍然看好黄金的长期潜力，”辛格表示。

Rahul Joseph, Founder and CEO of White Gold, sees gold prices steadily climbing due to persistent inflation and geopolitical uncertainty. “Despite fluctuations in 2024, gold proved its resilience,” Joseph explains. “With government initiatives promoting gold monetisation and increasing investments in digital gold, I’m confident that gold will remain a strong investment in 2025.”

White Gold 创始人兼首席执行官拉胡尔·约瑟夫 (Rahul Joseph) 认为，由于持续的通货膨胀和地缘政治的不确定性，金价将稳步攀升。 “尽管 2024 年出现波动，但黄金证明了其韧性，”约瑟夫解释道。 “随着政府推动黄金货币化和增加数字黄金投资的举措，我相信黄金在 2025 年仍将是一项强劲的投资。”

Gold’s ability to retain its value during times of crisis is one of its key strengths. Analysts at Citigroup predict that gold could surpass $3,000 per ounce by the end of 2025, driven by geopolitical risks and ongoing inflation. The possible return of Donald Trump to the US presidency and global instability only enhance gold’s role as a safe-haven asset, they argue.

黄金在危机时期保值的能力是其主要优势之一。花旗集团分析师预测，在地缘政治风险和持续通胀的推动下，到 2025 年底，金价可能突破每盎司 3,000 美元。他们认为，唐纳德·特朗普可能重返美国总统宝座和全球不稳定只会增强黄金作为避险资产的作用。

ICRA forecasts a robust 14-18% year-on-year growth in domestic gold jewellery consumption in 2025, spurred by the wedding and festival seasons. Following an 18% growth in gold jewellery consumption in FY2024, the momentum is expected to carry forward into the new year.

ICRA 预测，在婚礼和节日季节的推动下，2025 年国内黄金首饰消费将同比强劲增长 14-18%。继 2024 财年黄金首饰消费增长 18% 后，这一势头预计将延续到新的一年。

However, the World Gold Council (WGC) takes a more conservative stance, forecasting a slower pace of growth for gold in 2025. According to the WGC’s outlook, gold will continue to perform well as a safe-haven asset, but modest price increases are expected, barring a rapid deterioration of financial conditions or increased central bank acquisitions. The WGC believes that while the macroeconomic backdrop may limit growth, there is still potential for gold to see gains depending on broader financial conditions.

然而，世界黄金协会（WGC）的立场更为保守，预计2025年黄金增长速度将放缓。根据WGC的展望，黄金作为避险资产将继续表现良好，但价格小幅上涨可能会影响黄金价格的上涨。除非金融状况迅速恶化或央行增加收购，否则这种情况是预料之中的。世界黄金协会认为，虽然宏观经济背景可能限制增长，但黄金仍有上涨潜力，具体取决于更广泛的金融状况。

In conclusion, while views on gold’s 2025 performance vary, its appeal as a hedge against global uncertainty and inflation remains a driving force. As geopolitical risks continue to rise, gold is likely to remain a key investment asset for those seeking stability in an unpredictable world.

总之，尽管对黄金 2025 年表现的看法各不相同，但其作为对冲全球不确定性和通胀的吸引力仍然是一个推动力。随着地缘政治风险持续上升，对于那些在不可预测的世界中寻求稳定的人来说，黄金可能仍然是重要的投资资产。