Can gold sustain its rally and touch Rs 1 lakh by Akshaya Tritiya? Here's what experts say
[hfe_template id='11223']
[ad_1]
A 24 karat gold is commanding a price of Rs 93,350 per 10 grams, and with 3% Goods and Services Tax (GST), the price of physical gold is well past Rs 96,000. On the MCX, gold contracts on Friday hit a lifetime high of Rs 93,940, with momentum remaining intact in favor of buyers amid growing tensions between the two largest global economies — the US and China. According to data from the India Bullion and Jewellers Association (IBJA), 22 karat gold costs Rs 91,110 per 10 grams, while 20 karat gold is priced at Rs 83,080. Prices for 18 karat and 14 karat gold stand at Rs 75,620 and Rs 60,210, respectively. So far in 2025, gold prices have risen by nearly 20%, or Rs 16,000 per 10 grams. Will gold hit the Rs 1 lakh mark by Akshaya Tritiya? "With momentum in favor of buyers, gold now eyes the resistance zone of Rs 94,500–Rs 95,000, while Rs 92,000 serves as an important support," said Jateen Trivedi, VP Research Analyst - Commodity an...