Gold is on an unstoppable rally, inching closer to the historic ₹1 lakh mark per sovereign (8 grams) as prices surged by ₹2,840 on Friday. With this sharp rise, the price of one sovereign has reached ₹97,360, while the rate per gram now stands at ₹12,170, up by ₹355.
After a brief pause yesterday, the yellow metal resumed its upward climb, continuing a trend of relentless gains. Earlier this week, gold crossed ₹90,000 for the first time on October 8, and within a day, it leapt past ₹91,000 — setting the tone for its record-breaking rally.
Analysts say the surge is being driven by a global flight to safety, as investors increasingly view gold as a secure investment amid mounting economic uncertainty. Persistent volatility in the U.S. economy and geopolitical tensions are fueling international gold prices, which are directly influencing the Indian market.
Market experts believe the momentum could soon push prices past the ₹1 lakh milestone — a psychological barrier that, once breached, may redefine India’s bullion market.
