New Delhi, July 17 -- Gold is likely to remain 'range-bound' in the second half of this year, 0-5 per cent higher than current levels, considering the current market consensus, revealed a report by the World Gold Council (WGC).

Current market consensus suggests that the global GDP will move sideways and remain below trend in the second half. Additionally, it also sees world inflation rising to over 5 per cent, weighed down by the global impact of tariffs.

A 0-5 per cent rise in the gold prices from the current level could lead to gold prices marking a 25-30 per cent yearly rise.

"In response to this mixed economic backdrop, central banks are expected to begin cautiously lowering interest rates towards the end of Q4, with the Fed expect...