As India begins its new fiscal year (FY 2025-2026), gold prices continue to show strength, bolstered by a 32% gain in FY 2024-2025. The precious metal’s upward trajectory shows no signs of slowing, with growing speculation that it could reach INR 1 lakh per 10 grams by FY 2026.
This ongoing buying interest in gold is supported by both increased central bank purchases and heightened trade tensions, exacerbated by US President Donald Trump’s aggressive tariff policies. These factors continue to drive demand for gold as a traditional safe-haven asset.
At the time of writing, gold is trading at INR 8,647.24 per gram, up from INR 8,586.34 on Monday, according to data from FXStreet. Additionally, the price of gold per tola has risen to INR 100,859.70 from INR 100,149.40 the previous day, reflecting the metal’s steady upward momentum.