Will the price of gold reach Rs 1 lakh next week or will it fall?
gold prices in india are skyrocketing. Due to US President Donald Trump's tariff policy, people are turning to gold in search of safe investment. Meanwhile, the price of 10 grams of 24 carat gold has crossed the level of Rs 93,000. gold prices are rising due to the geopolitical uncertainty created by the trade war between the US and China, the central bank's gold purchases and expectations of interest rate cuts. Amidst all this, the question now coming to people's mind is whether the price of 10 grams of gold will reach Rs 1 lakh in 2025?
According to a BusinessToday report, Ryan McIntyre, Senior Portfolio Manager at Sprott Asset Management, says that gold is getting stronger due to the gold purchases of central banks and especially the aggressive tariff policy of US President Donald Trump.
gold prices have increased in all categories in India-
24 carat gold: Rs 93,390 per 10 grams
22 carat gold: Rs 85,610 per 10 grams
18 carat gold: Rs 70,050 per 10 grams
Globally, spot gold prices have reached $3,200 an ounce for the first time, while US gold futures have reached even higher at $3,237.50 an ounce. In 2025 alone, gold has reached all-time high levels 20 times, reflecting strong global demand amid fears of inflation, dollar weakness and changes in central bank policy.
Will gold reach Rs 1 lakh?
Kama Jewellery MD Colin Shah believes that it is quite likely. He told The Hindu BusinessLine that the US Fed is expected to cut interest rates twice in 2025, due to which gold can reach 1 lakh per 10 grams. Colin Shah says that in this environment of uncertainty, people are investing heavily in gold. At the same time, Motilal Oswal's commodity head kishore Narne believes that its prices can also go up to $ 4,000 to $ 4,500 an ounce. Whereas, Chintan Mehta, CEO of Abans Financial Services, believes that the price of gold is less likely to reach Rs 1 lakh, as most of the positive factors for it have already appeared in the market and now it is unlikely to increase further. Meanwhile, Morningstar strategist john Mills has taken an even more cautious stance. He said that with a sharp fall in gold prices, it has come down to $ 1,820 an ounce, which means that there can be a decline of 38-40 percent from the current levels.
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