Gold Could Cost Rs 2 Lakh Per Tola Learn What Experts Say

Bonisiwe Shabane

-Dec 28, 2025, 12:40 AM

gold could cost rs 2 lakh per tola learn what experts say

Gold Price: Gold prices are being recorded much higher than expected. The last few months have seen a significant increase in the price of gold, impacting both traders and consumers. Gold prices are expected to rise further in the coming days. It is expected that the price could reach Rs 2 lakh per 10 grams. Chris Wood, Jefferies’ Global Head of Strategy, believes this is a good fit for the current cycle. He compares the gold rate to a historic bull run that was also witnessed nearly four decades ago, or 40 years ago.

Below, you can find experts’ opinions on the final gold rate. Read More: 7th Pay Commission Update: Big Diwali Gift for Government Employees, DA May Rise on This Date. Read More: PAN 2.0 New Update: QR Code to Be Added on PAN Cards, Apply Online for Free On Monday, the first day of the trading week, gold prices reached a new high. The price of 24-carat gold in the country’s market was recorded at Rs 1,12,730 per 10 grams, while the price of 22-carat gold was trending at Rs 1,03,350 per 10 grams. 22-carat gold is used in gold jewellery.

The global price of gold is $3,722 per ounce. (Catch all the Personal Finance News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to ET Prime and read the ET ePaper online. Gold Price Prediction: According to Chirag Sheth, Principal Consultant-South Asia at Metals Focus Ltd, the gold market is experiencing an unprecedented surge, surprising even to the seasoned analysts. Get the latest Business News, Stock Markets, IPO Companies News, Breaking News Events on ET Now. Watch all the big and small Share Market News on ET Now Live TV.

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by Trade Brains | September 29, 2025 6:35 pm Synopsis- Gold prices in India have hit a new lifetime high with 24-carat gold approaching ₹1,17,500 per 10 grams driven by a combined influence of domestic and global economic factors. Gold has always been a reliable investment worldwide, especially in India, where cultural and financial factors keep demand strong. As of September 2025, gold prices in India have hit record highs, with 24-carat gold near ₹117,500 per 10 grams. This surge is driven by strong local buying and global economic trends, creating momentum that looks set to continue in the near future. People still flock to gold when the economy starts looking shaky.

It’s that reliable fallback, like an old friend you trust in tough times. Truth is, with all the buzz about a global slowdown and geopolitical headaches, investors keep seeking refuge in gold and put their money into gold ETFs and futures. That steady demand just won’t quit. India’s local buying habits back up this upbeat view pretty solidly. Government policy like the GST changes is boosting gold sales quite a bit. They’re also clearing up the market, making it more straightforward and smoother.

Also read: Top 5 Indian States That Recorded the Highest Digital Transactions in August 2025 Gold has long been revered by Indian households for its ability to deliver impressive returns, outshining many other investment options. As gold prices soar to new heights, investors ponder when the precious metal will reach the coveted Rs 1 lakh or even Rs 2 lakh mark. Delving into historical data on gold movements offers insights into this speculation and guidance for investors. Over the past nine years, gold prices have nearly tripled, starting from Rs 24,740 in 2015. A similar pattern was observed in the preceding nine-year period, where prices tripled from Rs 8,250 in 2006.

Taking a broader view, it took roughly 19 years for gold prices to triple from Rs 2,570 per 10 grams in 1987, with preceding tripling cycles spanning approximately eight and six years, according to... Sovereign Gold Bonds Investors Alert: RBI Fixes Premature Redemption Price, Check Here According to The Times of India report, analysts anticipate that if this tripling trend persists, gold could surpass the Rs 2 lakh per 10 grams milestone. However, the timeframe for reaching this level remains uncertain. Jateen Trivedi, VP Research Analyst at LKP Securities, suggests that given recent trends, gold prices might hit Rs 2 lakh within the next 7-12 years. Others, like Surendra Mehta, National Secretary of the India Bullion and Jewellers Association, express even greater optimism, foreseeing gold prices tripling within the next six years.

Mehta cites escalating geopolitical tensions and de-dollarization as potential catalysts for this surge. Gold prices have been displaying an upward trend and have soared to a record high of Rs 90,000 on Friday, backed by strong demand and favorable global trends. Investors are now keen to know when gold will breach the Rs 2 lakh mark. Assuming that the yellow metal has a growth rate of 11.2%, the time it will take for gold to reach Rs 2 lakh can be estimated. Using the Rule of 72, which is a formula used for estimating the doubling time of an investment, the time frame for the same can be calculated. Dividing 72 by the growth rate of 11.2% gives an approximate time frame of 6.43 years for gold to double and reach Rs 1.8 lakh.

So the safe-haven asset will touch Rs 1.8 lakh by 2031 and Rs 2 lakh by 2033. According to an ICICI Bank Global markets report, gold prices could in all likelihood touch Rs 87,000 to Rs 90,000 per 10 grams in the first half of 2025, given the current environment of... According to the report, moving forward, "local gold prices are expected to trade with an upside bias in the Rs 87,000 per ten grams to Rs 90,000 per ten grams range in 1H2025 and...

Gold Could Cost Rs 2 Lakh Per Tola Learn What Experts Say

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By Trade Brains | September 29, 2025 6:35 Pm Synopsis-