Top News

Gold Price Record High: For the first time, gold prices have reached ₹1.40 lakh. This suggests that gold is gradually becoming unaffordable for the middle class.

Gold Price Record High: The year is ending, but gold prices show no sign of decreasing. The cost of 10 grams of 24-karat gold has reached ₹1.40 lakh. This year is proving to be historic for gold prices, which are continuously reaching new record highs. Gold prices have increased by more than 70 percent this year. At the beginning of the year, the cost of 10 grams of gold was ₹83,680. It is now gradually approaching ₹1.5 lakh.

Will the Price Increase Next Year as Well?

People are now worried about whether this upward trend in prices will continue in 2026. Analysts at JP Morgan say that by December next year, the price of gold could reach $5,000 per ounce (₹158,485 per 10 grams). According to a Goldman Sachs survey, gold prices could increase by approximately 36 percent next year and reach $5,000 per ounce. At the current exchange rate, this would be approximately ₹158,213 per 10 grams. These estimates do not include the additional 3 percent GST and stamp duty applicable in India.

Why Have Gold Prices Increased?

Geopolitical tensions are the biggest reason for this surge in gold prices. On one hand, the war between Russia and Ukraine has been going on for the past three years without any resolution; there are concerns about potential disruptions in crude oil supply from Venezuela, and investors are also tense due to reports of US military action against ISIS-affiliated groups in Africa. In this climate of uncertainty, investors are withdrawing money from riskier assets like equities and investing in safe-haven assets like gold and silver, which is driving up prices.

Another reason for the surge in gold prices is the market's expectation that the US central bank will cut interest rates at least twice next year. Lower interest rates lead investors to seek investment alternatives that can preserve value, rather than relying on fixed deposits, bonds, and savings instruments. This is why investments in gold ETFs are steadily increasing. Central banks around the world have also increased their gold purchases, further contributing to the price rise.