What do you think, guys? Will the gold rate touch ₹1,20,000 per 10 grams in 2025? This question has gained attention as global economic uncertainty, inflation fears, and geopolitical tensions continue to affect financial markets. Over the past few years, gold prices have shown a steady upward trend, driven by factors such as inflationary pressures, central banks increasing their gold reserves, and investors seeking protection against currency depreciation. In 2020, during the peak of the COVID-19 pandemic, gold reached an all-time high near ₹56,000 per 10 grams in India. Since then, prices have continued to climb, nearing ₹75,000 in early 2024. If inflation persists and central banks like the US Federal Reserve or the Reserve Bank of India continue to hold or reduce interest rates, gold could see further bullish momentum. Moreover, rising tensions in regions like the Middle East, Ukraine, and Taiwan add to market anxiety, further boosting demand for gold. Additionally, the weakening of the Indian rupee against the US dollar makes imported gold more expensive domestically, which also drives up local prices. Another factor influencing gold prices is the demand from retail consumers, especially in India, where weddings and festivals significantly impact seasonal buying. However, a price of ₹1,20,000 per 10 grams would represent a nearly 60% increase from current levels within a single year, which would require either a global economic shock, a deep recession, or hyperinflation—none of which are guaranteed scenarios. While analysts remain divided, some bullish forecasts suggest that if gold breaks resistance levels and global liquidity shifts toward commodities, it could test unprecedented highs. Yet, others argue that if inflation eases and economic conditions stabilize, investors might return to equities and bonds, capping gold’s upside. Technological developments, changes in mining output, and policy decisions around gold import duties in India could also influence prices. In summary, while ₹1,20,000 in 2025 is not impossible, it remains a highly speculative projection and would depend on a convergence of multiple economic, geopolitical, and market-driven factors aligning in gold’s favor.