Gold Prices Soar After Trump’s Tariffs, Expected to Touch ₹1 Lakh

After U.S. President Donald Trump imposed tariffs on multiple countries, including India, gold prices have surged to record levels. Market experts predict that the price of 10 grams of gold could soon touch ₹1 lakh as global demand rises.

Gold Prices Rise by ₹11,983 in a Month

On March 2, the price of 10 grams of gold stood at ₹85,320. However, within just a month, by April 2, the price surged by ₹11,983, reaching ₹91,115. In the global market, gold is also reaching new highs, with the spot gold price per ounce climbing to $3,148.88, up from a previous level of $3,132.53.

Will Gold Reach ₹1 Lakh per 10 Grams?

While there is growing speculation that gold prices will touch ₹1 lakh per 10 grams, some experts believe this is unlikely in the near future. For this milestone to be achieved, prices must rise by another ₹9,000 per 10 grams. Some analysts argue that such a sharp increase in a short period is improbable.

Public Reaction and Market Trends

If 10 grams of gold truly reaches ₹1 lakh, it could lead to a significant drop in gold purchases among the general public. Many fear that common buyers might avoid jewelry stores altogether due to the high prices. However, for investors, the soaring gold prices present a golden opportunity, as gold remains a preferred asset in times of economic uncertainty.