Gold Price Today
24-Carat Gold Crosses ₹1 Lakh — What It Means for Buyers and Investors
Gold prices in India are in the news after hitting a new all-time high of ₹1 lakh per 10 grams. Just yesterday, the price was ₹96,670 – a massive jump of ₹3,330 overnight. With Akshaya Tritiya and the wedding season approaching, demand is expected to rise even further. But why are gold prices rising so fast? And should you invest now or wait? Let’s understand this in simple terms.
1. Global factors behind gold rally
The current price rise is deeply linked to global economic instability. Rising geopolitical tensions, interest rate cuts by central banks, and concerns of a possible global recession have attracted investors to safe-haven assets like gold. Low yields on U.S. Treasury bonds and a weak dollar have made gold even more attractive.
Moreover, the U.S. dollar index has fallen to its lowest level in several years, giving gold a further boost. Spot gold was trading at around ₹3,395 per gram in the Indian markets on Tuesday – a level reflecting both global cues and strong domestic demand.
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2. Central banks are buying—and it’s a big deal
Another major reason behind this surge is the record level of gold purchases by central banks. Over the past three years, banks around the world have bought more than 1,000 tons of gold. Countries such as China, India, and Turkey are adding to their reserves to guard against inflation, recession, and geopolitical shocks. A report by Tata Securities also suggests that central banks may continue to buy an average of 100 tonnes of gold every month in 2025.
3. Gold as a safe haven
With fears of a global recession and trade wars, investors are turning to safe assets. Gold ETFs are becoming increasingly popular among retail and institutional investors. According to the World Gold Council, investments in gold ETFs could reach 450 metric tons by the end of 2025 – a strong indicator of where sentiment is headed.
4. Should you buy gold now?
Experts say gold may see some short-term correction, but in the long run, it is likely to remain stable or even increase in value. Since the start of 2025, gold has already gained over 26% to ₹20,800 per 10 grams. Analysts recommend avoiding bulk purchases at the peak of prices and instead recommend phased purchases or waiting for a slight decline.
Some experts believe gold could see a slight decline if inflation slows or tensions ease. A potential correction could push prices down to $2,850-$2,700 an ounce internationally.
5. Analysts’ view
This rally is due to global economic slowdown and rising uncertainty over U.S.-China trade relations. Gold has crossed the $3,500 mark globally and touched ₹1 lakh domestically – a psychological level that could soon trigger profit booking, said Rahul Karnani, vice president, Mehta Equities.
However, analysts also agree that strong buying by institutions and central banks could keep prices elevated. As inflation remains stubborn and global conflict continues, gold is expected to remain a popular safe-haven asset.
