Gold Prices Break Records – Here’s Why ₹1 Lakh per 10 Grams is Within Reach!
New Delhi(The Uttam Hindu): Gold prices have experienced a significant surge in 2025, with prices increasing by nearly 10% in both Delhi's bullion market and the Multi Commodity Exchange (MCX). Gold futures have surpassed ₹85,000 per 10 grams, while in Delhi, the price has crossed ₹86,000 per 10 grams. Experts predict that if current global conditions persist, gold prices could reach ₹95,000 to ₹1 lakh per 10 grams by Diwali.
Reasons Behind the Surge:
Several global factors are driving the rise in gold prices:
- Global Uncertainty: Trade tensions between the US and China, along with the imposition of new tariffs by former President Donald Trump, have created market instability, prompting investors to flock to gold as a safe haven.
- Russia-Ukraine Conflict: Ongoing geopolitical tensions have led to increased demand for gold as investors seek more secure assets.
- Strengthening US Dollar: The rise of the US dollar has further boosted gold prices globally.
- Investment in Indian Market: Foreign institutional investors continue to pour funds into gold, providing support for domestic market prices.
Current Gold Prices
- Delhi Bullion Market: ₹86,070 per 10 grams (up by 9% from previous levels)
- MCX Futures Market: ₹85,279 per 10 grams (up by 10% from previous levels)
- Year-on-Year Increase: A rise of ₹7,823 compared to last year’s prices.
Experts’ Outlook for Diwali:
Experts suggest that if the current global scenario persists, gold prices could rise further and potentially reach ₹1 lakh per 10 grams by Diwali (October 20). Long-term investors are advised to consider gold as a viable investment, despite short-term fluctuations in prices.
PC Jewellers' CMD has indicated that gold may surpass ₹1 lakh per 10 grams by the end of this year, citing factors such as ongoing trade wars and a stronger US dollar. As global economic conditions continue to evolve, investors are closely monitoring gold prices, which are expected to remain volatile in the near term.
