Gold prices shoot up to nearly 1.17 lakh/10 gm levels:Silver rates cross record ₹1.45 lakh/kg mark

Gold and silver prices reached their new all-time high on Tuesday, September 30, 2025. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold increased by ₹1,449 to reach ₹1,16,903. Previously, it was at ₹1,15,454. Similarly, silver also increased by ₹673 to reach ₹1,45,060 per kilogram. Earlier it was at ₹1,44,387. Gold prices by carat: This year gold becomes costlier by nearly ₹41,000 silver by over ₹59,000 Gold could reach ₹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 in rupees. PL Capital’s Director Sandeep Raichura said that gold could reach ₹144,000 per 10 grams. 5 major reasons indicating prospects of gold rally… 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. Interference talks 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: Sharp increase in gold prices due to rising demand. 4. De-dollarisation: 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.