Gold Price News: Latest buzz that gold price may touch ₹50,000 per 10 grams But a different analysis from Goldman Sachs hints at an even bigger increase for gold prices. The amount is expected to be driven “as the U.S.-China trade wars and recession scares linger into 2025”, according to the investment bank, which has predicted gold will rise to $4500 per ounce (approximately ₹1,36,000 per 10 grams) in late 2025.
Goldman Sachs again increases its target price for gold
Goldman Sachs has lifted its target price for gold again, to now $3700/oz in 2023. This was the bank’s third increase over the precious metal price forecast so far this year. Earlier in March, we had set a target price at $3300/oz.
The most recent outburst in gold pricing has come already, with gold ETFs topping $3200 per ounce as very recently. The global market price of gold due to the escalation of tensions around the world touched $3245.69 per ounce. Consequently, this has surged demand for gold in physical and exchange-traded formats.
Gold Prices in India
The gold rate today per ten grams is ₹ 100 down from Monday, April 14. But in most parts of India, its price has not come down from ₹95,600 per 10 grams. 22-carat gold in Delhi is offered at ₹87,840 per 10 grams; 24-carat gold is at ₹95,810 per 10 grams.
Gold prices in India are subject to local gold market rates and are regulated indirectly by gold price trends in the international market as well as the government duty structure and variations in rupee values. Apart from being one of the most beloved investment vehicles, gold is also deeply entrenched in Indian traditions and festivals.
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