The next milestone for gold is the level of ₹ 10,0000. The question is whether gold will reach the figure of ₹ 1 lakh in the remaining 9 months of 2025. If gold has to reach ₹ 1 lakh. It will show a rise of only 11.5 percent from the current level.
Gold history:-
At present, gold is running at the speed of a rocket. In more than a decade, it has increased from ₹25,000 to ₹90,500. In August 2011, gold reached the level of ₹25,000 for the first time, and in July 2020, it crossed the mark of ₹50,000 for 10 grams of gold. It took 108 months for gold to reach ₹25,000 to ₹50,000, but it took only 48 months to reach ₹75,000 from the ₹50,000 level. The price of gold reached ₹75,000 in September 2024. Today, the price of 24 carat gold in India is ₹90,500 for 10 grams of gold. (Price as per 24 carat gold)
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The next big milestone for gold is the level of ₹1,00,000. The question is whether gold will reach the figure of ₹1 lakh in the remaining 9 months of 2025. If gold has to reach ₹1 lakh, it will have to show a rise of only 11.5 percent from the current level. The surprising thing is that some experts are also estimating the price of gold to reach around ₹1.20 lakh this year.
Ever since Donald J. Trump became the 47th President of the United States, he took the oath again in January, the world has been changing rapidly. Common people have to face a lot of problems due to Trump's tariff-related policies. An increase in inflation is seen. Now, when we add global uncertainties to this, it becomes clear that the rise in gold prices is not going to end soon.
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(The blog is only for educational purposes.)
