If you’re still unsure about the rising gold prices, take a look at Goldman Sachs’ latest report.
The American investment bank has predicted that gold could reach $4,500 per ounce by the end of this year. In Indian currency, that would be around ₹1.38 lakh per 10 grams.
This means gold prices could soon cross ₹1 lakh, with the main reasons being the growing trade tensions between the US and China and the expected US recession later this year.
Gold Reaches $3,245 Per Ounce Last Week
According to Goldman Sachs, gold is likely to touch $3,700 per ounce by year-end.
Earlier in March, the target was revised to $3,300, but with the increasing risk of conflict between China and the US, the bank now believes it could go up to $4,500.
Last week, gold reached a new all-time high of $3,245 per ounce. Along with physical gold, the demand for gold ETFs is also rising rapidly.
Gold Has Returned 20% So Far in 2025
Last year, gold gave an impressive return of 30%, and in 2025 so far, it has already delivered a 20% return.
Gold prices usually rise during global instability. Over the past few years, many central banks around the world have increased their gold reserves, pushing prices even higher.
In India, gold prices on the MCX exchange have already crossed ₹93,000 per 10 grams.
What Should You Do?
If you haven’t added gold to your investment portfolio yet, this might be the right time to start. You can invest in gold mutual funds or gold ETFs – both of which can be done from home.
To invest in gold ETFs, you’ll need a demat account, but for gold mutual funds, no demat account is needed.
Experts recommend allocating 10–15% of your portfolio to gold for better diversification.
