Gold prices have experienced the sharpest surge in prices in 2025, marking the fastest rally in history. The precious metal climbed Rs 10,000 in just 74 days, reaching Rs 1,00,000 per 10 grams on June 13, 2025. This remarkable ascent now stands at a new record high of Rs 1,01,078 on the Multi Commodity Exchange.
This rally is attributed to a blend of macroeconomic pressures and geopolitical factors. Heightened tensions between Israel and Iran, alongside the ongoing conflict between Russia and Ukraine, have significantly fueled safe-haven demand.
Further, a sharp depreciation of the Indian Rupee, increasing central bank gold reserves have contributed to the bullish momentum, Amit Gupta, a senior research analyst at Kedia Advisory, said. Broader concerns such as fears around global conflicts, tariff wars and the trend of de-dollarisation have also played a role in intensifying buying.
Gold Price: Expert Outlook
Gupta notes that despite the domestic spike, international prices remain below the $3,500 mark.
He advises caution against new purchases at current levels due to an unfavorable risk-reward ratio.
"Gains towards Rs 1,08,000 cannot be dismissed, sustained highs are improbable, anticipating a potential 8-10% correction if geopolitical tensions ease and the dollar index strengthens. Six-month price range forecast for gold is between Rs 90,000 and Rs 1,08,000," said Gupta.
The year 2025 demonstrated gold's value as a hedge against escalating global uncertainties.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
