In a historic moment, gold prices in India have gone above ₹1 lakh per 10 grams. This big jump in gold rates has grabbed the attention of both investors and regular buyers, many people are now asking: Why has gold become so costly? Will the price go up even more? Is this the right time to invest in gold?
This article explains everything in a simple and easy-to-understand why Gold Price Crosses ₹1 Lakh in India. Keep reading to learn about the latest gold price trend, why prices have gone up, how it affects buyers and investors, and what steps you should take now.
Gold Price Today in India
As of today, the 22-carat gold ₹92,300 for 10 grams, and the 24-carat gold which is pure gold price has gone above ₹1,00,000 for every 10 grams, setting a new record high.
Gold rates are slightly different in cities like Delhi, Mumbai, Bangalore, Chennai, and Kolkata. This is because of transport charges, local taxes, and how much people are buying gold in each place. Still, the overall trend across India shows that gold prices are rising quickly and steadily.
| City | 24K Gold (10 gram) | 22K Gold (10 gram) |
| Delhi | ₹1,01,673 | ₹93,213 |
| Mumbai | ₹1,02,811 | ₹94,244 |
| Chennai | ₹1,04,936 | ₹96,192 |
| Kolkata | ₹1,01,162 | ₹92,664 |
| Bengaluru | ₹1,02,515 | ₹93,055 |
| Hyderabad | ₹1,01,529 | ₹93,069 |
Why Has Gold Price Crosses ₹1 Lakh in India?
The gold price has gone above ₹1 lakh because of the following several important reasons:
1. Global Economic Uncertainty
The world economy is going through a tough time. There are some serious problems like wars, high inflation, changing interest rates, and fears of a global slowdown. Because of this, many people are investing in gold as a safe place for their money. This increases demand and pushes the gold price higher.
2. Weakening Indian Rupee
The Indian rupee has become weaker compared to the US dollar. Since India buys most of its gold from other countries, a weak rupee makes import cost for gold more expensive and this directly raises the gold price in India.
3. Central Bank Buying
Big institutions like the global central bank and the Reserve Bank of India (RBI) are buying more gold to build their reserves. This central bank buying increases the demand for gold and raises the gold prices, which means gold becomes more expensive for everyone, including investors and regular buyers.
4. Inflation Hedge
As inflation is rising day-by-day, people look for ways to protect the value of their money. Gold acts as an inflation hedge, meaning it keeps its value even when prices of other things rise. So, more people start buying gold and gold ETFs during inflation, increasing demand.
5. Festive and Wedding Season Demand
In India, people buy a lot of gold during festivals like Akshaya Tritiya and Diwali, and also during weddings. These are considered good times to buy gold. This seasonal demand also adds to the rising gold price.
Is It a Good Time to Buy Gold?
Gold has crossed ₹1 lakh per 10 gram, and now many people are wondering whether it’s still a smart idea to invest in gold or if they have already missed the best time. With prices so high, some are worried it may be too late to buy, while others believe it could still go up in the future.
- Long-Term Investors:
If you are a long-term investor, this can still be a good time to invest in gold. Gold usually gives good returns over many years and with the current economic problems, gold price may go even higher in the future.
- Short-Term Buyers:
If you are a short-term buyer, who is looking to make quick profits, then you must be careful. Because gold prices are moving up and down a lot and there is a chance that prices might drop for a while before going up again.
- Jewellery Buyers:
If you’re a jewellery buyer shopping for a wedding or festivals, it might be better to buy gold now. If prices keep rising, waiting could make it more expensive later.
How to Invest in Gold Smartly
In today’s digital world, you don’t need to buy only gold jewelry to invest. There are many better and smarter ways to invest in gold:
- Gold ETFs (Exchange-Traded Funds): These are the best for people who understand the stock market. You can easily buy and sell them anytime you want, just like shares.
- Sovereign Gold Bonds (SFBs): These are given by the government, in which you get 2.5% interest every year, plus you earn more if gold prices go up.
- Digital Gold: You can buy gold online in small amounts as well. It is backed by real gold kept safe in vaults, which is easy to buy and sell anytime.
- Gold Mutual Funds: These are handled by a professional called a fund manager. It is good for people who want to invest without tracking the market themselves.
- Physical Gold: It is still common, but not the best option for investment. It has making charges, risk of theft, and storage problems.
Each type of gold investment has its own benefits and drawbacks. Choose the one that suits your risk level, how long you want to invest, and your financial goals.
Tips for Gold Buyers Amid High Prices
- Compare prices from different jewellers or online sellers before you buy.
- Always check for hallmark certification to make sure the gold is pure.
- Keep an eye on the live gold rates using trusted apps or financial websites.
- If you’re not sure about the market, buy gold in smaller quantities.
- Talk to a financial advisor before making any big gold purchase.
Final Thoughts
The jump in gold prices to over ₹1 lakh per 10 grams is a big moment for the Indian market. Whether you’re an inverter or a consumer, it’s important to stay updated and make smart choices that match your financial goals.
Gold is still a trusted way to protect your money, especially during uncertain times. With the right planning and some research, you can still benefit from this precious metal – even at its current high price.
FAQs
Why has gold crossed ₹1 lakh per 10 grams?
Gold has crossed ₹1 lakh per 10 grams because of global economic uncertainty, weak Indian rupee, high demand during festivals and marriages, and strong buying by central banks.
Will gold prices fall anytime soon?
Gold prices keep going up and down. They may fall for a short time, but in the long run, they are likely to stay strong due to global and economic reasons.
Is it a good time to buy gold?
It depends on your goal. If you’re investing, it’s better to buy gold in small amounts over time like SIPs. If you’re buying jewellery, you can wait or buy a little now.
What is the best way to invest in gold now?
The best way to invest in gold now is through Sovereign Gold Bonds (SGBs). They are safer and cheaper than buying physical gold.
Can gold still give good returns?
Yes. Gold can still give good returns, especially if you hold it for the long term. Just make sure to diversify your investments.