Gold May Hit ₹4 Lakh per 10g in 2025! Experts Warn of a Sharp Surge Amid Escalating War Fears
New Delhi(The Uttam Hindu): New Delhi, June 23 (UHN): Gold prices are likely to surge in the coming weeks as rising tensions in the Middle East increase global uncertainty, according to market experts.
The recent US airstrike on Iran’s nuclear facilities has triggered panic among global investors, driving them toward safe-haven assets like gold. Although gold prices dipped slightly on Friday as markets hoped for diplomacy, they quickly rebounded by the day’s end.
Technical charts show strong momentum for gold, with traders already bracing for further escalation. Experts now predict that gold may trade in the range of ₹3.5 lakh to ₹3.7 lakh per 10 grams in the short term.
Akshay Chinchalkar from Axis Securities stated that as long as spot gold remains above ₹3.14 lakh per 10g, the trend could continue toward ₹3.77 lakh and beyond. He also pointed out that the options market remains bullish, indicating that investors are betting heavily on further price increases.
Silver is also expected to follow suit, though at a slower pace. Analysts forecast that silver prices may rise to ₹108,000 per kg, with support around ₹90,500.
According to Chinchalkar, gold and silver have maintained a strong correlation over the past decade, and silver typically follows gold’s direction. So far in 2025, gold has already risen by over 25%, while silver is up more than 24%, making precious metals a popular shield against inflation, war, and financial instability.
Global investment giant Goldman Sachs remains optimistic about gold’s trajectory. In a recent report, the bank stated that strong buying by central banks is helping gold sustain high levels and widening the gold-to-silver ratio.
Goldman predicts that gold may reach ₹3.7 lakh per 10g (approx. $3,700 per oz) by the end of 2025 and could rise to ₹4 lakh–₹4.3 lakh per 10g (around $4,000–$4,500 per oz) by mid-2026 if global conditions worsen. In the event of a major recession or any shock to US financial policy, gold prices could skyrocket even further.