There has been a tremendous jump in the price of gold amid heavy tension in the Middle East. Its price is crossing one lakh rupees a day earlier i.e. on Friday. In the national capital Delhi, gold was trading at Rs 1,01,540 per 10 grams with a huge jump of about Rs 2200. In such a situation, this question must be coming in the mind of many people that when gold has crossed one lakh rupees at this time, then what can be its price after one year.
In fact, on April 22, for the first time, gold crossed the historic price of Rs 1 lakh. After that, this is the second time when gold has gone above one lakh rupees. In such a situation, its wildly running prices and global turmoil are being considered a big factor. First the Trump tariff created a stir in the international market. Here, Ukraine war, Israel Hamas war and now Israel’s attack on Iran.
Where will the price of gold go?
In fact, one important thing in the minds of investors regarding gold is that it is the safest investment. Therefore, whenever there is turmoil in the market, investors turn to gold. This is the reason that whenever its demand has increased rapidly, the price of gold has reached the sky at the same pace.
Another factor is that the inflation data released recently by the US is less than expected. In such a situation, it is being speculated that the Federal Reserve may cut interest rates. In such a situation, history is a witness that whenever the Federal Reserve cuts interest rates, it has a direct impact on the dollar. The value of the dollar weakens.
Gold Price expected to rise further in a year
It is believed that the price of gold will rise further in the international market. Regarding the 12-month rate, Bank of America believes that gold can reach around four thousand dollars per ounce. However, different estimates are being made about it. Goldman Sachs predicts that due to massive buying by central banks, gold could reach $3700 by the end of next year and $4000 an ounce by June-July 2026.
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Why is gold price rising so rapidly in India?
Gold prices are rising due to increasing geopolitical tensions in the Middle East, central bank buying, and investor preference for safe-haven assets amid global uncertainty. -
What is the current price of gold in Delhi?
As of Friday, gold is trading at ₹1,01,540 per 10 grams in Delhi, marking a sharp increase of around ₹2,200 in a single day. -
Will gold prices continue to rise in the coming year?
Yes, according to predictions from financial institutions like Bank of America and Goldman Sachs, gold prices may continue to rise due to inflation, interest rate cuts, and global instability. -
What are the international gold price predictions?
Bank of America predicts gold could reach $4,000 per ounce within a year. Goldman Sachs expects gold to touch $3,700 by end of next year and possibly $4,000 by mid-2026. -
Is it a good time to invest in gold now?
Gold is considered a safe-haven investment during market volatility. However, investors should assess risk factors and market conditions before making long-term investment decisions.
