Gold crossed Rs 1 lakh per 10 grams, proving all the predictions true

New Delhi. The upward trend in gold prices continues, with this gold has touched a record level of Rs 1 lakh per 10 grams. However, this price of gold is with GST on purchase. This is the highest level of gold prices. With this, all the estimates being made about the price of gold have proved to be correct. In fact, many national and international experts had given a target price of Rs 1 lakh on gold. However, the time limit for this was told till the end of this year. But, gold showed this tremendous rise even before that.

In the international spot market, gold touched another all-time high of $ 3,430 by touching the level of $ 3,400 / ounce.

Why did gold rise so much?
Gold prices made a new record high on Monday. The biggest reason for this was the further decline in the dollar and the growing dispute with Donald Trump’s tariff attack and the Federal Reserve. Due to this entire incident, selling increased in the US stock market, while gold rose.

According to the report, Yogesh Singhal, Chairman of the All Bullion and Jewelers Association, said, “On Monday evening, gold was selling at Rs 1,00,250 with tax (3% GST) in the Delhi market.” At the same time, gold prices also reached an all-time high of Rs 97365 (June futures) on MCX.

Avinash Gupta, Vice President of the All India Gems and Jewelry Domestic Council, said that gold has increased by 30% since January 1, 2025 and has increased by 14.5% from the low of $ 2982 on April 8, 2025. Apart from this, the Indian rupee has strengthened due to the weakening of the dollar amid the tariff war. On the other hand, HDFC Securities says that the uncertainty due to Trump’s international trade policies has strengthened the demand for safe-haven assets like gold, as well as increased the possibility of a global recession.

What are the experts saying?
Kotak Mahindra AMC fund manager Satish Dondapati has explained the fluctuations in gold prices. He said that this year, gold and silver prices have seen fluctuations due to trade tensions, expectations of interest rate cuts, geopolitical uncertainties and a weak dollar. So far, gold has increased by more than 25 percent. This means that gold prices are changing due to many reasons.

Pranav Mer, EBG Vice President, Commodity and Currency Research, JM Financial Services, explained the reasons for the rise in gold prices. He said, ‘The positive uptrend in gold prices continued and it reached above $ 3,400 an ounce. Gold is getting support from uncertainty related to trade tariffs, weakness in the US dollar and increase in bond yields.’