Gold, silver rates scale to new all time highs:Yellow metal crosses ₹1.15 lakh per 10 gm; analysts see 34% more upside

Gold-silver prices today, i.e. on Monday, September 29, 2025, have reached respective new all-time high levels. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24-carat gold has increased by ₹2,030 to reach ₹1,15,292. Previously it was at ₹1,13,262 . Similarly, silver also increased by ₹6,000 to reach ₹1,44,100 per kilogram. Previously it was at ₹1,38,100. Gold prices by carat Source: IBJA (September 29, 2025) Gold prices in major cities of the country Source: goodreturns (September 29, 2025) This year gold becomes costlier by over ₹39,000 silver by ₹58,000 Gold could go up to ₹1.55 lakh
According to a recent Goldman Sachs report, the bank has set a target of $5,000 per ounce for gold by next year. At current exchange rates, this would be approximately ₹1,55,000 per 10 grams. PL Capital’s Director Sandeep Raichura said that gold could go up to ₹1,44,000 per 10 grams. 5 major reasons why gold prices are likely to rise… 1. Central Bank Purchases: Major banks worldwide want to reduce dependence on the dollar. Therefore, they are continuously increasing the share of gold in their treasury. Effect: When large banks keep buying, the demand for gold remains steady in the market and prices go up. 2. ‘Trump Factor’ and Policy Uncertainty: There is uncertainty regarding US policies. Talks of interference with the Federal Reserve weaken the dollar-bond market. Effect: Investors seek safe investments and rush towards gold. This causes gold prices to rise. 3. Shift from Crypto to Gold: Due to volatility in crypto and fear of strict regulations, investors are putting money in gold. Lower returns from the stock market in India during recent times have also made gold attractive. Effect: Increased demand leads to sharp rise in gold prices. 4. De-dollarization: Many countries are changing their economic models by reducing dollar usage. America’s debt is increasing and the dollar is weakening. Effect: When the dollar weakens, gold prices rise. 5. Long-term Asset: Gold never becomes completely worthless. It doesn’t get destroyed, exists in limited quantity and maintains its value during inflation. Effect: Holding gold is mostly beneficial in the long term.