New Delhi: The Gold prices have skyrocketed and showing no sign of stopping. While the yellow metal seems non-stoppable, people are talking about whether the price of gold will cross the level of Rs 1 lakh.
Gold has broken the level of Rs 85,000 in the futures market. On the other hand, the price of gold in Delhi broke the barrier of Rs 86,000. This situation has made people hope the yellow metal could touch Rs 1 lakh per 10 gram in the current year.
Experts believe that if the current situation remains the same then gold prices can touch the level of Rs 1 lakh by Diwali 2025. US President Donald Trump’s tariff war has created an atmosphere of uncertainty in the markets around the world, which is also a reason behind the gold rally.
Will Gold reach Rs 1 Lakh by Diwali 2025?
In a special conversation with TV9 Bharatvarsh, PC Jewellers CMD Rahul Gupta said that gold prices may continue to rise. He opined that the boom in the international market led to the gold prices rising in India. There is a lot of uncertainty in the global market. There is still no sign of their reduction. In such a situation, the entire focus of investors is being seen in safe haven i.e. gold. Due to which there is a rise in the prices of the yellow metal, Gupta added.
Giving the reasons for the rise in gold prices, PC Jewellers CMD said that at present Trump’s trade war is in focus which has led to uncertainty in the market. Gold seems to be benefiting from this uncertainty, he noted.
Gupta said Trump’s trade war, Russia-Ukraine war, rise in the dollar rate has led to the rally in gold prices.
The CMD of PC Jewellers expected gold prices to cross Rs 1 lakh in the current year. He said that if factors like Trump’s trade war, rise in dollar value continues then the price of gold can go up to Rs 1 lakh by Diwali and if not the festive season, the yellow metal could cross the -lakh mark by the end of 2025.
Gold prices have surged, exceeding Rs 86,000 in Delhi. Experts, including PC Jewellers’ CMD Rahul Gupta, predict a continued rise, potentially reaching Rs 1 lakh per 10 grams by Diwali 2025. This surge is attributed to global uncertainty fueled by the US-China trade war, the Russia-Ukraine conflict, and a rising dollar. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
