Gold Price Today: 24-Carat Gold Rises ₹10, Trades at ₹1,00,520; Silver Climbs ₹100

Gold price rose ₹10 to ₹1,00,520 for 10 grams of 24-carat gold, while silver increased ₹100 to ₹1,18,100 per kilogram. The price of 22-carat gold also rose ₹10 to ₹92,140 for 10 grams. US gold prices rebounded, with spot gold up 1.1% at $3,373.89 per ounce.

Gold Fields Limited (GFI) has delivered a standout first half of 2025, with earnings, production, and cost metrics that outpace industry peers and underscore its strategic positioning in a structural bull market for gold. The company's headline earnings per share (HEPS) surged by 203–236% year-on-year, driven by a 24% increase in gold production to 1.136 million ounces and a 4% decline in all-in sustaining costs (AISC) to $1,682 per ounce [1].

Gold Fields' operational excellence was highlighted by the Salares Norte mine in Chile, which contributed 46% quarter-on-quarter growth in output. This high-grade asset, with an ore grade of 8.1 g/t, has become a cornerstone of the company's margin resilience. By contrast, peers like Newmont and Barrick faced headwinds, with Newmont's gold production falling 8% year-on-year and Barrick's AISC slightly above Gold Fields' figure [1].

The company's valuation metrics are particularly striking. With a forward P/E of 9, it trades at a significant discount to the sector median of 17.5, even as it outperforms peers in production growth and cost control. This undervaluation is supported by its robust balance sheet and a dividend yield that now ranks among the top quartile in the gold sector [1].

Gold Fields' Windfall Project in Canada, slated to begin production in 2027, adds a critical growth catalyst. Projected to reduce all-in sustaining costs by 30% and generate $700 million in incremental revenue at $2,300/oz gold, Windfall is a rare asset in an industry plagued by aging, high-cost mines [1].

The broader gold market is being driven by structural factors: a weak U.S. dollar, central bank demand (particularly from China and India), and supply-side bottlenecks. The World Gold Council reported 120 tonnes of ETF inflows in Q2 2025 alone, while central banks added 350 tonnes to reserves in H1 2025 [1].

Gold Fields' geographic diversification—across Australia, Chile, and South Africa—further insulates it from geopolitical risks. Unlike peers with concentrated operations in politically volatile regions, Gold Fields' portfolio balances exposure to stable jurisdictions with high-grade assets [1].

Gold Fields' H1 2025 results reflect a company that is not only capitalizing on current market conditions but also building a foundation for sustained growth. Its production guidance of 2.25–2.45 million ounces for 2025, combined with AISC expected to remain in the $1,500–$1,650 range, suggests continued margin expansion [1].

For investors, the key question is whether Gold Fields' valuation discount reflects risk or opportunity. Given its operational discipline, strategic assets, and alignment with macroeconomic tailwinds, the latter seems more likely. At current prices, Gold Fields offers a rare combination of undervaluation, growth potential, and resilience—a compelling case for a strategic buy in a sector poised for years of outperformance [1].

References:
[1] https://www.ainvest.com/news/gold-fields-strong-h1-2025-earnings-strategic-buy-rising-gold-prices-expansion-catalysts-2508/