Will Gold Touch Rs 1 Lakh Next Week Experts Divided As Prices Hit

Bonisiwe Shabane

-Dec 27, 2025, 8:45 PM

will gold touch rs 1 lakh next week experts divided as prices hit

Gold prices in India have surged to record levels, breaching Rs 93,000 per 10 grams for 24-karat gold, amid a global flight to safety. A mix of geopolitical uncertainty, tariff shocks from the U.S., central bank buying, and expectations of interest rate cuts is fueling this rally. But the question dominating the minds of investors and jewellers alike is: Will gold touch Rs 1 lakh per 10 grams in 2025? According to Ryan McIntyre, senior portfolio manager at Sprott Asset Management, central bank purchases and global economic jitters — particularly U.S. President Donald Trump’s aggressive tariff plans — are providing strong upward momentum to gold. The surge is visible across all categories in India:

24-karat gold: Rs 93,390 per 10 grams 22-karat gold: Rs 85,610 per 10 grams 18-karat gold: Rs 70,050 per 10 grams Globally, spot gold prices have crossed $3,200 per ounce for the first time, with U.S. gold futures even higher at $3,237.50 per ounce. Gold Price Outlook 2025: Recent times have seen high volatility in gold prices due to macrolevel uncertainty and the escalation of the trade war between the US and China, driven by Donald Trump’s tariff... On Thursday, gold prices in India surpassed the Rs 97,000 mark after several days of upward movement amid the tariff jitters. Gold is often viewed as a hedge against uncertainty when other assets, like equities, become volatile.

Recently, prices have risen as investors shift their investments from volatile equities to gold. But the question remains: will this upward momentum continue? Experts hold varied opinions on this matter. Some believe that the price of gold per 10 grams will soon reach Rs 1 lakh this year, while others predict a decrease of 38-40% in the near term. Ryan McIntyre, senior portfolio manager at Sprott Asset Management, states that gold prices are being supported by strong central bank purchases and a mix of geopolitical and economic uncertainty, largely influenced by Trump’s tariff... Gold rate today in India: On account of elevated global uncertainty and demand for an anchor hedge, gold price extended its rally on Friday and touched a new peak of ₹1,40,465 per 10 gm...

However, after the end of the Friday session, the MCX gold rate finished at ₹1,39,940 per 10 gm. According to the information available on the bullions.co.in website, the 24-carat gold rate today in Delhi is ₹1,39,790 per 10 grams, which means jewellers in Delhi are offering a premium of ₹150 per 10... However, the 22-carat gold rate today in Delhi is priced at ₹1,28,141 per 10 gm. In the international market, the COMEX gold price also climbed to a new peak of $4,584 per troy ounce, logging a nearly 75% rise against the 52-week low of $2,608.40 per ounce. Market experts believe gold rate today on MCX is above the technical breakout levels placed at ₹1,39,000. The precious yellow metal price is poised to touch ₹1,45,000 soon, provided the existing triggers remain in place.

Experts said that MCX gold rates are expected to reach ₹1,50,000 once they break above ₹1,45,000 on a closing basis. However, they also expected some profit-booking at ₹1,45,000 levels before a fresh upside movement. Speaking on the triggers that are fueling gold rates today, Ponmudi R, CEO of Enrich Money, said, "Gold continues to serve as the anchor hedge amid elevated global uncertainty, while silver is increasingly emerging... Currency stability and global risk flows are expected to remain key drivers across asset classes in the coming weeks." “COMEX Gold price continues to trade near all-time highs (Feb 2026 contract), with the multi-year breakout structure firmly intact. The broader trend remains decisively bullish, supported by persistent safe-haven demand, heightened geopolitical risks, aggressive central-bank accumulation, and expectations of further global monetary easing.

Despite minor consolidation, price resilience remains strong, with dips consistently absorbed by buyers. A sustained hold above $4,500 keeps the upside open towards $4,600 to $4,650 in the near term. Key support is well defined in the $4,400–4,450 zone, which has repeatedly held during the advance.” The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking... With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read...

Determine the monthly installment amount for a loan Estimate the returns on investments made through SIPs Find out maturity amount and interest earned on PPF Check maturity amount and interest earned on an FD In 2025, gold has consistently dazzled investors, registering over 20 all-time highs. The precious metal has become the centre of global attention amid fears of a looming recession, currency devaluation, and shifting monetary policies by central banks.

This growing wave of uncertainty has prompted a worldwide flight to safety, propelling gold prices in India past Rs93,000 for 10 grams of 24-karat gold. The current gold rally is not just a domestic phenomenon but a global one. Spot gold prices have crossed the $3,200 per ounce mark for the first time ever, while U.S. futures are even higher, at $3,237.50 per ounce. A combination of geopolitical conflicts, notably the situations in Ukraine and the Middle East, and the anticipation of U.S. Federal Reserve rate cuts have intensified demand.

Central banks across the world, including those of China and Russia, continue to bolster their gold reserves, further tightening supply. The momentum has ignited debate within India’s financial and jewellery markets: Will gold touch Rs1 lakh per 10 grams this yearRs Some industry leaders believe the milestone is within reach. Colin Shah, Managing Director of Kama Jewelry, believes that the expected interest rate cuts by the U.S. Fed in 2025 could push gold beyond the Rs1 lakh mark. He points out that gold, being a traditional safe-haven asset, tends to attract strong capital inflows during uncertain times — a trend that's clearly playing out this year.

Echoing this bullish sentiment, Kishore Narne of Motilal Oswal forecasts gold climbing to anywhere between $4,000 and $4,500 per ounce, noting that “whatever number you set, it will come eventually.” However, this optimism is not universal. Chintan Mehta, CEO of Abans Financial Services, suggests the current rally may be the continuation of an older trend, not the start of a new bull cycle. According to him, most of the bullish triggers — such as rate cut expectations and geopolitical risks — are already priced in. Without fresh catalysts, he believes the Rs1 lakh target may be out of reach this year. Don't miss the most important news and views of the day.

Get them on our Telegram channel First Published: Apr 03 2025 | 1:31 PM IST Gold prices on MCX neared the Rs 1 lakh mark today as the day's high stood at Rs 99,178. This reflects a strong rally in 2025 as the gains of the precious metal have exceeded 30% year-to-date, according to Kedia Advisory. Globally, gold prices have surged to an all-time high of $3,500 per ounce, according to Bloomberg, recording 2.22% gains today. Gold has become a more appealing asset in the face of increased fiscal, inflationary, and economic risk, as well as geopolitical risk.

The escalation of trade tensions has also heightened investor fear, which is expected to continue to pull in demand for gold as a safe haven asset. Along with cues like the Dollar Index falling below 98 and geopolitical uncertainty, corrections in equity markets have made investors shift capital into gold. Now, given this rally is fueled by both domestic and global cues, a slowdown in prices may not be on the cards anytime soon. "We are seeing spot gold likely headed towards the $3,540 and $3,737 levels in the upcoming months. While in the domestic market, MCX Gold futures are expected to reach the Rs 1,00,630 and Rs 1,02,050 levels," according to Anuj Gupta, head of commodities and currency at HDFC Securities. Gold has crossed the much-anticipated Rs 1 lakh milestone in the retail market, sparking excitement (and a bit of caution) among investors.

On Tuesday, gold June futures on the Multi Commodity Exchange (MCX) surged to a new record high of Rs 99,178 per 10 grams, up nearly Rs 1,900 from the previous close. In the physical market, gold was priced at Rs 97,200 per 10 grams on Monday. After including 3% GST, the retail rate crossed the Rs 1 lakh mark. The rally comes amid heightened global uncertainty, thanks to renewed tensions between President Donald Trump and the US Federal Reserve over rate cuts, and an intensifying trade war between the US and China. The dollar index has slipped to multi-year lows, boosting the appeal of gold as a safe-haven asset. COMEX gold was trading close to $3,395 per troy ounce on Tuesday, continuing its sharp upward momentum.

"Gold prices extended their record-breaking rally as the fresh week kicked off with strong early buying," said Jateen Trivedi, VP Research Analyst at LKP Securities. “The rally is being supported by escalating tariff tensions, concerns over the US economic outlook, and the looming US debt crisis. Continued buying from China, global central banks, and institutional investors has added momentum.” Recent market conditions exhibit significant fluctuations in gold prices which stem from both dominant financial insecurity and the aggressive trade war started by Donald Trump through his tariff policies. Gold prices on MCX hit record highs on Friday. On June 5th the June 5th gold futures contract for 10 grams reached 93,736 rupees.

The gold market recorded a gain of 1.59 percent as the contract reached 93495 per 10 grams at 9:40 Am. The uncertain times drive investors to use gold as a protective asset because equities remain highly unpredictable. The market has observed rising gold prices because investors are shifting away from stock volatility into the safer option of investing in gold. The question remains whether the current price escalation will continue in the forthcoming months. The experts hold different perspectives regarding this matter. Metaladers predict that gold prices will reach Rs 1 lakh in the upcoming months this year but other experts project decreases up to 38-40% in short-term prospects.Strong central bank purchases and mixed geopolitical and...

A recent interview with Colin Shah from Kama Jewelry to The Hindu Business line suggests the price of gold touching Rs 1 lakh by 2025 likely due to Federal Reserve predicted interest rate reductions... Shah explained that the position of gold as a safe-haven asset triggers larger demand along with increased fund movement during times of economic instability. The Director & Head of Commodities at Motilal Oswal Financial Services Kishore Narne announced to CNBCTV18 that gold prices might reach between $4,000-4,500 per ounce without encountering any price restrictions. He declared that any chosen number will reach its target sooner or later. Mint interviewed Chintan Mehta who leads Abans Financial Services about the gold rally which he views not as a fresh uptrend or the beginning of a new cycle but an extension of the existing... According to Mehta the ongoing market rally continues from the current uptrend without indicating a new market wave.

The rise to Rs 1 lakh in 2025 seems unlikely for him because most bullish signals have already been incorporated into his predictions. Several main factors demonstrating price growth potential have already been evaluated so gold reaching above Rs 1 lakh in value seems unlikely. The market strategist John Mills from US-based Morningstar forecasts a substantial price drop in gold to $1,820 per ounce while the present market value hovers at $3,080 per ounce. Such a price decline would amount to a reduction of 38-40% in the gold market values. Analysts recognize a rising gold market yet Mills and others predict a sharp decline because supply is up and demand is down while markets have reached saturation. Markets are pricing in two quarter-point rate cuts by the Federal Reserve next year, despite evidence of softening inflation and a cooling labour market, which is driving the price of the yellow metal.

Will Gold Touch Rs 1 Lakh Next Week Experts Divided As Prices Hit

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