Gold will cross Rs 3 lakh

Gold price prediction 2029: Be it the domestic market or the overseas market, the fire in gold prices is not going out. If you are sweating just seeing the price of gold at Rs 1.41 lakh per 10 grams today, then take heart. The coming time is going to be even heavier on your pocket. The prediction made by a well-known and veteran economist of America is enough to give sleepless nights not only to investors but also to every father who adds gold for his daughter's marriage. It has been claimed that in the coming few years, the price of gold may more than double from the current level and cross Rs 3 lakh.

Gold can be worth 10 thousand dollars per ounce

Veteran market strategist and American economist Ed Yardeni has made a claim which has created a stir in the financial world. He says that this gold race is not going to stop now. According to Yardeni, by the end of this decade i.e. by the year 2029, the price of gold in the global market may cross the magical figure of $ 10,000 per ounce.

Just understand the mathematics, currently the price of gold in the global market is around $4,410 per ounce. If this prediction comes true, it means that there will be a jump of about 127 percent in today's price. If seen from the Indian market, the gold which is around Rs 1.41 lakh today will increase at the same pace to reach Rs 3.08 lakh per 10 grams. This surge can be seen within just 3 to 4 years.

Why are prices going out of control?

Now the question arises that why is gold so hot? The biggest reason behind this is the expectation of cut in interest rates by the US Federal Reserve. Investors believe that as interest rates fall, the attractiveness of the stock market and currency market will reduce slightly, and money will turn towards gold. Apart from this, the ongoing political turmoil and economic uncertainty around the world has made gold a 'safe haven' i.e. safe investment. This is the reason why gold prices have increased by 67 percent in the year 2025 alone. On December 22, gold even made its all-time high record in the spot market.

Why will gold cross Rs 3 lakh?

It is generally believed that when the stock market goes up, the price of gold falls, but Ed Yardeni rejects this old belief. He believes that history is witness to the fact that whenever gold rises, it exceeds expectations. In the long term, both the US stock market's main index S&P 500 and gold will touch new heights.

Yardeni clearly says that the share of gold in investors' portfolio is continuously increasing. Now gold is no longer just a treasure to be used in bad times, but it has become an asset class that gives huge returns in the long run. This is the biggest proof that the price of gold is going to rise in the coming days.

Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money related decisions.