Gold glitters at ₹1 lakh! Why it’s shining and what should investors do?

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22 APR 2025 | 11:27:32

Gold futures on the Multi Commodity Exchange (MCX) touched ₹99,178 per 10 grams. Add GST and retail markups, and the price is now officially ₹1 lakh per 10 grams. Yes, ₹1 lakh! A psychological level never breached before.

So, why is gold glittering like never before?

The answer lies in a perfect storm: a weakening US dollar, mounting global uncertainties, central bank buying, and escalating tension between Donald Trump and the US Federal Reserve. Add China aggressively purchasing gold, and the yellow metal has once again become a safe haven for investors across the globe.

In 2025 alone, gold has surged over 30%—that’s a jump of ₹22,918 per 10 grams! Gold has outshined equities and even real estate in year-to-date performance.

Now the burning question—should you invest now?

Analysts urge caution. Jateen Trivedi of LKP Securities says, “Gold is riding on fear, tariffs, and debt crisis talk. China and central banks are piling in.” According to him, while the rally has momentum, it’s driven by fear and speculation—not fundamentals alone.

Technical analysts agree. The key resistance level was ₹97,690—and now that it’s been breached, gold is in uncharted territory. The consensus? Don’t sell your holdings now—but avoid fresh buys at this peak. Wait for a correction before jumping in.

Whether you own gold as jewelry, ETF, digital asset, or sovereign gold bonds—one thing is clear: gold is no longer just a symbol of tradition—it's a hedge against chaos, inflation, and economic noise.

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