Gold has crossed Rs 1 lakh because of economic instability, rising demand, and policy changes. While this milestone signals strength, it also calls for caution. Prices can be volatile, and making well-planned investments is essential. Keep an eye on market trends, diversify your assets, and seek expert advice. With careful planning, you can protect your wealth, even as gold prices hit new heights.
Typically, prices in India align with global trends. Recently, international gold prices have risen sharply, exceeding $3400 per ounce, coinciding with a decline in the value of the US dollar.
Gold has surpassed the highly awaited Rs 1 lakh mark in the retail market, generating both enthusiasm and a degree of caution among investors. On Tuesday, gold futures for June on the Multi Commodity Exchange (MCX) reached a new peak of Rs 99,178 per 10 grams, an increase of nearly Rs 1,900 from the last closing price.
For the first time, gold prices have surpassed the Rs 1 lakh mark per 10 grams, driven by a surge in international prices following US President Donald Trump’s announcement to reform the Federal Reserve.
This development has reinforced gold’s status as the premier safe haven asset amid the turbulent global financial landscape. On Tuesday, the price of 24-karat gold (999 fineness) was reported at Rs 101,350 per 10 grams in the Mumbai bullion market, while 22-karat gold was priced at Rs 92,900 per 10 grams. The global markets remain unsettled due to Trump’s tariff proposals and his intention to restructure the US Federal Reserve, which could potentially trigger an increase in inflation and interest rates.
Key Takeaways
- Gold now exceeds Rs 1 lakh per 10 grams, reflecting global and domestic factors.
- Market fluctuations can cause sudden dips; stay alert.
- Diversify investments to reduce risk and maximize long-term gains.
- Follow expert insights and use different gold investment options to suit your needs.