Mon Apr 21 16:10:00 UTC 2025: ## Gold Prices Soar Near ₹1 Lakh in Delhi; Experts Divided on Future Trajectory
**New Delhi:** Gold prices in Delhi have surged to nearly ₹1 lakh per 10 grams, reaching ₹99,800 for 99.9% purity. This sharp increase is attributed to global economic uncertainty, amplified by recent events involving the US economy. The surge mirrors a global trend, as investors seek refuge in gold amidst economic instability.
This has led to a debate among experts regarding the optimal investment strategy. Some, like Jatin Trivedi, VP of LKP Securities, believe the gold price increase is nearing its peak and predict a potential drop to ₹96,000-₹94,750, suggesting it’s a good time to sell. Satish Donapati, fund manager at Kotak Mahindra AMC, shares a similar view, highlighting the 25% increase in gold prices this year, with 6% of that growth occurring since April 2nd.
However, Goldman Sachs offers a contrasting perspective, projecting international gold prices to reach $4,500 per ounce by the end of 2025, a significant increase from the current $3,400. They anticipate a further $1,100 increase by the end of this year. This bullish prediction suggests that now may be a time to buy, rather than sell, gold. It’s worth noting that Goldman Sachs previously underestimated gold’s price potential.
Despite the price surge, Dhirendra Kumar, CEO of Value Research, cautions against viewing gold as a primary growth asset. He emphasizes its role as a hedge against economic downturns, recommending that investors allocate only 5-10% of their portfolio to gold. While the current price might seem attractive, Kumar underscores that gold does not generate income through dividends or interest.
First Piper 