Sat Mar 08 07:40:00 UTC 2025: ## Gold Prices Soar, Hitting Record Highs Amidst Global Uncertainty

**Mumbai, India** – Gold prices in India have experienced a dramatic surge, reaching a record high of Rs 84,300 per 10 grams, a significant jump from Rs 25,000 just over a decade ago. This meteoric rise has fueled speculation about the precious metal reaching the Rs 1,00,000 mark in 2025.

The price increase has accelerated in recent years. While it took 108 months for gold to climb from Rs 25,000 to Rs 50,000, the next Rs 25,000 increase took only 48 months. Experts offer differing opinions on whether the Rs 1,00,000 milestone is achievable.

Colin Shah, MD of Kama Jewelry, attributes the surge to economic uncertainty fueled by President Trump’s tariff policies and global geopolitical tensions. He predicts further price increases in 2025 as investors seek safe-haven assets.

However, Dr. Renisha Chainani, Head of Research at Augmont, believes much of the tariff-related uncertainty is already priced in. She suggests that a new significant event, such as escalating geopolitical tensions or a major change in import duties, would be needed to push gold prices to Rs 1,00,000.

The upward trend extends to the international market, with gold prices in US dollars nearing the $3,000 per ounce mark. Jamal Mecklai, CEO of Mecklai Financial, notes market nervousness as the $3,000 level approaches, suggesting further increases are possible if geopolitical uncertainty intensifies.

The US Federal Reserve’s monetary policy also plays a crucial role. While current interest rates are unchanged, a potential rate hike to combat inflation could strengthen the dollar, potentially depressing gold prices. Conversely, rate cuts could boost gold’s appeal.

Apurva Sheth, Head of Market Perspective and Research at Samco Securities, offers a more extreme prediction, suggesting gold could reach Rs 1,48,071 based on a ratio analysis comparing gold to equity market performance.

Despite the dramatic price fluctuations, financial experts advise investors to maintain a diversified portfolio and stick to their long-term asset allocation plans, rather than making impulsive investment decisions based solely on short-term price movements. The article concludes by noting that India has lifted its ban on broken rice exports, a development expected to boost rice exports in the coming fiscal year.

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