Iran-Israel Conflict: Gold Prices in India May Hit ₹2 Lakh, Experts Warn
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News18•10-03-2026, 19:15
Iran-Israel Conflict: Gold Prices in India May Hit ₹2 Lakh, Experts Warn
•The ongoing Iran-Israel conflict is causing extreme volatility in gold and silver markets, raising concerns among traders.
•Experts predict gold prices could reach ₹2 lakh per 10 grams and silver ₹3.5 lakh if the West Asia war escalates.
•IBJA Joint Treasurer Kanaya Kakad forecasts gold at $6000, translating to ₹2 lakh in India, citing central banks' trust in gold as the US dollar weakens.
•Further price hikes are anticipated if major global powers like China, Russia, and European countries become involved in the conflict.
•IBJA National Secretary Surendra Mehta offers a contrasting view, suggesting gold isn't rising significantly and may stay between $5180-$5474, with a potential high of $5900.
