Gold prices touching Rs 2 lakh are already being widely discussed, with experts confidently backing the possibility. While some forecasts stop at Rs 2.5 lakh, a far more startling prediction has now surfaced. Not Rs 3 lakh, but a staggering Rs 9 lakh per tola, an idea that sounds almost unreal. Here’s a closer look at what is fuelling this astonishing claim.
Gold prices in the international market are continuing to set new records. On Monday, gold shocked investors by crossing the $5,000 per ounce mark. Analysts attribute this sharp rise largely to escalating global tensions and growing economic uncertainty. Market experts anticipate that by the end of this year, prices may approach $6,000 per ounce.
During Monday’s trading session, gold touched a high of $5,092.70. Notably, gold has already gained 17% this year alone. In 2025, it recorded an impressive 64% rise, delivering substantial returns to investors. According to a survey conducted by the London Bullion Market Association, experts predict that gold could reach a high of $7,150 in 2026. If that happens, gold prices in India could rise to between Rs 2.3 lakh and Rs 2.5 lakh.
Geopolitical developments are providing strong support to gold prices. Ongoing disputes between the US and NATO over Greenland have unsettled global markets. At the same time, concerns about the independence of the US Federal Reserve are pushing investors towards safe-haven assets. Philip Newman, Director at Metals Focus, has stated that political uncertainty could intensify further with the upcoming US midterm elections.
A key driver behind the surge in prices is the aggressive buying by central banks worldwide. Many developing nations are increasing their gold reserves to reduce reliance on the US dollar. According to Goldman Sachs, central banks are purchasing an average of 60 metric tonnes of gold each month. Poland’s decision to raise its reserves to 700 tonnes highlights this growing trend.
China’s central bank has been buying gold consistently for 14 consecutive months. Alongside governments, private investors are also showing strong interest in gold ETFs. In 2025 alone, nearly $89 billion has flowed into this sector. With expectations of interest rate cuts in the US gaining momentum, investors increasingly view gold as a more attractive option than bonds.
Rising prices are affecting jewellery sales, particularly among middle-class buyers. However, in countries such as India, investment in small gold bars and coins has increased significantly. Retail investors consider gold a safe asset, largely because it allows direct investment without the complexities of analysing company balance sheets.
There are also firm projections regarding future price movements. Goldman Sachs has raised its 2026 forecast to $5,400, while some analysts believe gold could peak at $6,400 this year. Beyond economic uncertainty, the threat of war is further strengthening gold’s appeal. As long as these uncertainties persist, prices are unlikely to fall significantly.
Unless the interest rate-cut cycle comes to a halt, major changes in gold prices appear unlikely. Even if prices dip temporarily, investors see it as an ideal buying opportunity. Experts believe gold demand will remain strong unless the global economy stabilises.
Adding to the debate, renowned financial expert and Rich Dad Poor Dad author Robert Kiyosaki has made a sensational prediction. He has claimed that the price of gold could one day reach $27,000 per ounce. If that happens, gold prices in India could soar to around Rs 9 lakh per tola, nearly five times the current level. Although he did not specify a timeline, he suggested that gold could witness extraordinary growth. At present, the price of gold for ten grams has already crossed Rs 1.62 lakh.
