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Lokmat Times

Gold Prices May Cross Rs 2 Lakh per 10 Grams in India as Central Banks Increase Purchases, Global Demand Rises

AI Market Summary
Spot gold jumped 2% to $4,075/oz as central banks bought roughly 63 tonnes in September, the most since November 2024, signaling sustained official-sector demand. Combined with fiscal-debt worries and currency-debasement hedging, the bid reinforces gold's safe-haven role and lifts bullion-linked assets, miners and silver. Short-term direction hinges on Fed rate expectations and a firmer rupee weighing Indian physical demand.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT-0.42%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Gold Prices May Cross Rs 2 Lakh per 10 Grams in India as Central Banks Increase Purchases, Global Demand Rises - The report stated that fund managers expect gold prices to rise as investors seek safe-haven assets amid concerns over economic instability and currency depreciation. Central banks' gold purchases have also emerged as a key factor influencing the precious metal's future price movement. Get Latest News on Business only on lokmattimes.com
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