Gold Price Soars Past ₹1.5 Lakh: What It Means for Buyers and Investors
Business
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News18•24-01-2026, 15:40
Gold Price Soars Past ₹1.5 Lakh: What It Means for Buyers and Investors
- •24-carat gold price recently crossed the ₹1.5 lakh mark, causing concern among buyers and investors.
- •Factors driving the surge include international uncertainty, a weaker rupee, central bank demand, and festive season demand.
- •High prices are leading many to postpone jewelry purchases, with a growing preference for lightweight designs.
- •Experts advise caution for short-term investors due to high prices, suggesting phased investments or alternatives like Gold ETFs and Sovereign Gold Bonds.
- •Future gold prices depend on international conditions and interest rate decisions; further highs are possible if uncertainty persists.
Why It Matters: Gold prices have surged past ₹1.5 lakh due to global and domestic factors, impacting buyers and investors.
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