The price of gold has seen a steady rise. Not long ago, it remained within Rs 50,000, but it is now nearing Rs 1 lakh. In Delhi, 10 grams of 24-carat gold is priced at Rs 1,02,640, with 22-carat rates also close to this.
This rate is largely consistent across cities in the country. Gold, which once cost around Rs 30,000, has crossed Rs 1 lakh by July 2025. Over the past six years, prices have risen by nearly 200%.
The rise in gold prices is largely attributed to global tensions, according to experts. The ongoing war between Russia and Ukraine, along with the conflict between Iran and Israel, has contributed to the surge. Additionally, the economic impact of the COVID-19 pandemic and broader uncertainties have further driven prices upward.
Gold has long been considered a safe investment. In April 2025, 10 grams of gold touched Rs 1,01,078 on the MCX. According to Live Mint, at this pace, experts estimate that the price of 10 grams could reach Rs 2,25,000 within the next five years. Between 2019 and 2025, gold prices have risen at an average annual rate of 18%, which, if sustained, could push prices towards Rs 2.5 lakh.
However, another report says that the gold market is entering a phase of consolidation. Unless there is a major event or international tension, prices may stabilise. China has invested 1% of the total assets (AUM) of its insurance sector in gold. Central banks are reducing gold purchases. The future of gold prices is yet to be seen.
