What Now! Gold Prices To Touch 2 lakh Soon?

The prices of Gold has been on a constant price as it witnessed a new high today with the market value of 24 karat gold reaching ₹1.18 lakh per 10 grams. At this rate, it should not be too long before the gold prices hit a shocking Rs 2 lakh.

It may not come as a shock if gold prices climb to 2 lakh rupees in the near future. The primary reason behind this steady rise is the declining trust in the US dollar across the world.

For decades, the dollar has been the backbone of international trade and foreign reserves. However, growing economic uncertainties, rising debt levels in the United States, and excessive money printing have weakened confidence in the currency.

As a result, central banks in many countries are reducing their dependence on dollar reserves and shifting their focus to gold. Unlike the dollar, which can be printed in unlimited quantities, gold is a natural resource that must be mined.

Its limited availability makes it a scarce and valuable asset. Because it cannot be produced at will, gold retains its credibility as a stable store of wealth.

This shift is already visible in global markets, with several nations actively increasing their gold reserves. Investors also view gold as a safe hedge against inflation and currency fluctuations. With supply remaining restricted and demand consistently rising, gold prices are expected to continue their upward trend.

Therefore, if gold soon touches the 2 lakh mark, it should be seen as a natural outcome of global financial changes rather than a sudden surprise.