Gold Prices in India May Touch Rs One Lakh Per 10 Grams by Year-End
Reported by Varad Bhatkhande
Pune, 6th February 2025: Gold prices in India are expected to reach an unprecedented Rs 1,00,000 per 10 grams by the end of 2025, according to market experts and jewellers. The precious metal has been on an upward trajectory, with current rates hovering around Rs 87,000 per 10 grams, including GST.
A prominent jeweller in Pune, noted, “Gold prices have been climbing steadily for the past 4-5 days. Today’s rate, including GST, was around Rs 87,000.” He attributes this surge to various factors, including international market trends and economic conditions.
The recently concluded United States elections and the policy changes announced by newly reinstated President Donald Trump are cited as significant factors in the rise of gold prices. “Due to the U.S. elections and Trump’s victory, along with the implementation of new policies, gold prices have been increasing,” he explained.
Market discussions suggest that gold could surpass the Rs 1,00,000 mark by the end of this year. Despite the steep rise in prices, experts believe that the demand for gold will remain strong. “Even if gold rates reach Rs 5,000 or Rs 1,00,000, the demand for gold will never die,” another jeweller asserted.
Investors continue to view gold as a reliable form of investment and a hedge against economic uncertainties. The metal’s liquidity is another attractive feature. Immediate cash can be obtained with gold.
As global economic uncertainties persist and geopolitical tensions influence markets, gold is likely to maintain its status as a safe-haven asset. Investors and consumers are advised to monitor market trends closely as gold prices continue their upward trajectory towards the projected Rs 1,00,000 milestone.
