Gold has always been a favorite investment for Indian households. Whether it’s for weddings, festivals, or savings, people trust gold as a safe and valuable asset. In recent months, gold prices have been climbing steadily. As Akshaya Tritiya approaches — a time considered lucky for buying gold — many are wondering: Can gold prices touch ₹1 lakh per 10 grams soon?
Let’s take a look at what’s driving the surge, and what experts are saying.
Why Are Gold Prices Rising?
- Global Uncertainty
With ongoing global tensions, wars, and economic instability, many investors are putting their money into gold. When stock markets are shaky, gold is seen as a “safe haven.” - Weak Rupee
A weaker Indian rupee against the US dollar makes imported gold more expensive. Since India imports most of its gold, this pushes prices up locally. - High Demand
Demand for gold usually goes up during the wedding season and festivals like Akshaya Tritiya. This increase in demand also contributes to higher prices. - Central Bank Buying
Central banks around the world, including India’s RBI, have been buying gold as a reserve asset, which supports prices further.
What Are Experts Saying?
Many market experts believe that gold still has room to grow, especially if global uncertainty continues. Some analysts predict that gold could reach ₹80,000–₹90,000 per 10 grams in the coming months. A few even say ₹1 lakh is possible, but it may depend on:
- Global inflation trends
- US Federal Reserve’s interest rate decisions
- Ongoing geopolitical tensions
- The performance of the Indian rupee
In short, if the current economic and political trends continue, gold prices may keep climbing.
Should You Buy Gold Now?
While no one can predict the market perfectly, gold is often seen as a good long-term investment. Whether it reaches ₹1 lakh or not, it has proven to hold its value over time. If you’re planning to buy gold for Akshaya Tritiya or any other reason, it may still be a wise choice — especially if you’re thinking long-term.
Final Thoughts
Gold has been on a strong rally and might continue to shine, especially during uncertain times. While ₹1 lakh per 10 grams is a bold target, it’s not out of reach if global and local factors continue to align in favor of the precious metal.
As always, it’s smart to keep an eye on market trends and talk to a financial advisor before making big investment decisions.
