Introduction
Gold prices have been on fire—and not just in your mother’s jewelry box! 🚀 Last year, gold shot up 32%, leaving stock market investors scratching their heads. If you had bet on gold instead of Nifty 50, you’d probably be sipping coconut water in Goa right now. But the big question is: Can gold hit ₹1 lakh this year, or is it time to cash out before a crash?
Just to put things into perspective—gold was chilling at ₹67,000 per 10 grams last year. Fast forward a year, and boom! ₹88,700 per 10 grams. Meanwhile, the Nifty 50 barely moved, rising just 4%. Clearly, gold didn’t just outperform stocks—it left them in the dust like a Bullet speeding past an autorickshaw. 🏍️💨
So, what’s fuelling this gold rush? Is it inflation? Global drama? Or are people just panic-buying gold like they hoard onions before price hikes? Let’s break it down—no jargon, no boring lectures, just simple facts.

Why Did Gold Surge Last Year?
If gold had a LinkedIn profile, its headline last year would’ve been: “Best Performing Asset of the Year—Leaving Stocks in the Dust!” 🚀 But what made gold skyrocket while the stock market crawled like a Monday morning commute? Let’s break it down—simple, no nonsense, and with a pinch of spice! 🌶️
1. Global Drama & Uncertainty = Gold’s Gym Membership
Gold gets stronger every time the world gets messy. And last year, global tensions were through the roof! 🌍 From the Russia-Ukraine war to the Israel-Gaza crisis, every major event sent investors running to gold like desi uncles rushing for free prasad at a temple. Why? Because gold is the ultimate “safe-haven” asset—when uncertainty hits, people dump stocks and hoard gold.
2. Central Banks Were Hoarding Gold Like Desi Moms Hoard Tupperware
Did you know that central banks—especially in China and India—bought gold like there was no tomorrow? In fact, global central banks bought nearly 1,200 tonnes of gold last year! When central banks go all-in, it creates a supply crunch, making gold prices jump higher than a cricket fan watching an India-Pakistan match. 🏏💥
3. The US Fed & The “Rate Cut” Hype
For months, experts whispered, “The US Fed will cut interest rates soon!”—and gold investors listened like it was the biggest Bollywood suspense thriller of the year. 🎬 Lower interest rates usually mean a weaker US dollar, which makes gold more attractive (since gold is priced in dollars). And when investors expect rate cuts, they buy gold before it gets more expensive.
4. Inflation—The Real Villain of Every Middle-Class Household
Food prices are high, rent is high, even Netflix subscriptions are high—everything except our salaries! 😭 Inflation doesn’t just make life expensive; it also reduces the value of money, making gold a smart hedge against it. Investors knew this, so they parked their money in gold instead of letting it lose value in cash.

So, What’s the Verdict?
Gold’s 32% rally wasn’t a fluke—it was powered by fear, greed, and some smart moves by central banks. The million-dollar question now is: Can gold continue this run and touch ₹1 lakh, or are we heading for a reality check?
Can Gold Actually Hit ₹1 Lakh This Year?
So, gold has been on a dream run—but can it actually touch ₹1 lakh per 10 grams this year, or is that just another WhatsApp forward from your “finance expert” uncle? 🤔 Let’s separate facts from fiction and see if this golden train still has steam left! 🚂✨
📈 1. The Bullish Case—Why ₹1 Lakh is Possible
🔸 Geopolitical Drama Isn’t Going Anywhere
Remember how gold shines when the world is in chaos? Well, guess what? The Russia-Ukraine war is still on, Middle East tensions are rising, and global trade policies are a mess. If things escalate, gold could surge again.
🔸 Central Banks Are Still Hoarding Gold
Last year, central banks (especially China and India) went on a gold-buying spree. And guess what? They’re still at it! If they continue hoarding gold, the supply squeeze could push prices even higher.
🔸 The US Fed May Cut Rates—Dollar Weakens, Gold Wins
If the US Federal Reserve starts cutting interest rates, the dollar will weaken, making gold more attractive to global investors. Some experts believe gold could touch $3,200 per ounce, which means Indian gold prices could move closer to ₹1 lakh.

⚠️ 2. The Bearish Case—Why ₹1 Lakh Might Be a Stretch
🔻 Most Positives Are Already Priced In
The factors pushing gold up—geopolitics, inflation, central bank buying—are already known. The market might have already factored these in, meaning we might not see another massive jump unless a new catalyst appears.
🔻 Profit Booking Could Kick In
Investors who bought gold at lower levels might cash out for profits if prices get too high. If that happens, gold could face a temporary correction instead of a straight jump to ₹1 lakh.
🔻 Stock Market Rebound & Stronger Rupee Could Slow Gold’s Rally
If the Indian stock market picks up momentum or the rupee strengthens against the dollar, gold might lose some of its shine. A strong rupee means gold becomes cheaper for Indian buyers, reducing the price surge.

Final Verdict: ₹1 Lakh—Yes or No?
Most analysts believe gold can touch ₹95,000 per 10 grams this year if all bullish factors align. But to hit ₹1 lakh, something extreme needs to happen—like a deep global recession, severe war escalation, or massive currency devaluation. Otherwise, gold may consolidate and move gradually instead of skyrocketing.
Gold Price Chart & Technical Analysis—What Do the Charts Say?
Alright, we’ve talked about why gold surged and whether it can hit ₹1 lakh. But let’s get a little geeky—what do the charts say? Do they scream “to the moon” 🚀 or “brace for impact” 🛑?

📌 Gold Price Performance (Last Year vs. Now)
Here’s a quick look at how gold has moved over the past year:
📅 March last year: ₹67,000 per 10 grams
📅 March this year: ₹88,700 per 10 grams
📈 Total Gain: 32% (way better than Nifty 50’s sad 4%)
🔍 Key Technical Levels to Watch
- Immediate Support: ₹87,367, 86,300 per 10 grams (If gold corrects, buyers may step in here)
- Resistance Zone: ₹90,000 – ₹95,000 (Breaking this could push it towards ₹1 lakh)
- RSI (Relative Strength Index): Shows whether gold is overbought or oversold—right now, gold is nearing “overbought” levels and also shows a Bearish Divergence, meaning a short-term pullback could be possible.
🔮 So, What’s Next for Gold?
📌 If gold stays above ₹85,000 and breaks ₹90,000, we could see ₹95,000 soon.
📌 But if gold fails to break ₹90,000, we might see a short-term correction before another move up.
Final Thought: Should You Buy, Hold, or Sell?
If you’re a long-term investor, holding gold is still a good idea. But if you’re looking to enter fresh, wait for a dip before jumping in. Gold at all-time highs means profit booking could kick in anytime.
Could Gold Prices Crash Soon? Here’s the Risk No One Is Talking About!
Gold at ₹1 lakh per 10 grams? Sounds like a dream. But what if I told you that gold has a history of pulling a “now you see me, now you don’t” act? Yup, after every big rally, gold has this weird habit of taking a break—or even crashing. Let’s talk about why this time might not be different.
📉 History Says: What Goes Up… Must Cool Down
Take a look at the last five years. Gold has had some massive uptrends, but it never goes up in a straight line forever. Remember 2021? Gold dropped 4.27% after a strong rally in 2020 (+28.37%). Every bull run has a cool-off period, and history suggests we might be getting close to one.

🚀 Too Much Hype = Too Much Risk
When everyone starts talking about an investment, it usually means the easy money has already been made. Gold is up 18% this year, and the FOMO crowd is rushing in. But here’s the problem: if prices rise too fast without fresh reasons, we might see a classic “buy the rumor, sell the news” situation—leading to a correction.
💵 Stronger Dollar & Stock Market Comeback: The Party Poopers
Gold loves two things: a weak dollar and a crashing stock market. But what if both reverse?
- If the US dollar strengthens, gold becomes less attractive globally.
- If stock markets start recovering, investors might dump gold and jump back into stocks.
⚠️ Central Banks: Will They Keep Buying?
A major reason gold has been flying is heavy buying by central banks (especially China). But what if they slow down or even sell? That could trigger a wave of profit-booking, pushing prices lower.
So, Is a Gold Crash Coming?
A full-blown crash? Unlikely. A correction? Highly possible. If history is any guide, gold might see some short-term dips before its next big move.

The Smart Way to Navigate Gold’s Wild Ride
By now, you’re probably wondering: “Should I buy gold now or wait for a dip?” The truth is, timing the gold market is harder than predicting Bollywood plot twists. One day it’s soaring, the next day it’s cooling off.
That’s where smart investing tools come in. And guess what? You don’t have to figure this out alone. Angel One gives you real-time insights, expert research, and easy-to-use investment options—so you can ride the gold wave without drowning in confusion.
Here’s how Angel One helps you stay ahead:
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Conclusion: Gold at ₹1 Lakh – Dream or Reality?
So, will gold actually hit ₹1 lakh per 10 grams this year? Well, let’s break it down:
✔️ Gold has momentum – Central banks are buying, inflation fears are real, and investors are still betting on gold.
✔️ Rate cuts could push prices higher – If the US Fed cuts interest rates, gold could get another boost.
❌ But… history warns us – Gold rarely moves up in a straight line. Past rallies show that after a big surge, prices tend to cool off or correct.
❌ A strong stock market & dollar could spoil the party – If investors shift back to stocks or the US dollar gains strength, gold’s rally might hit a speed bump.

Final Take?
Gold could still climb higher, but expecting ₹1 lakh without any major new catalysts might be a stretch. Smart investors will stay cautious, take profits when needed, and avoid FOMO buying at peak prices.
And if you’re thinking of investing, Angel One’s smart tools can help you make the right moves at the right time. Don’t just hope—invest smart!
FAQs: Your Gold Investment Cheat Sheet
1️⃣ Will gold really hit ₹1 lakh per 10 grams this year?
👉 Possible, but not guaranteed! Gold needs fresh catalysts like deeper economic trouble or a weaker dollar to reach that milestone.
2️⃣ Is it a good time to buy gold now?
👉 If you’re investing for the long term, dips are buying opportunities. But if you’re chasing quick profits, be ready for short-term volatility.
3️⃣ Why is gold rising so fast?
👉 Blame central banks hoarding gold, inflation fears, and global uncertainties. When economies wobble, gold shines!
4️⃣ Can gold prices crash soon?
👉 Not a full-blown crash, but a correction is very likely. History shows gold takes a breather after big rallies.
5️⃣ Should I invest in physical gold or gold ETFs?
👉 Want zero hassle? Gold ETFs. Love shiny things? Physical gold. Both work, just pick what suits you.
6️⃣ Where can I track gold prices & invest smartly?
👉 Use Angel One for real-time gold price alerts, research reports, and easy gold investment options! 🚀