Gold has rallied in recent years as factors like geopolitical tensions, economic uncertainties, and Trump tariffs have triggered safe-haven buying. Five years ago (September 19, 2020), spot gold (24K) was trading at Rs 51,619 per 10 gram on the Multi Commodity Exchange of India (MCX). The price has now increased to Rs 1,09,388. A year ago, it was Rs 72,874. The absolute rise over the past year is 50%, while over five years, it is 112%. As demand for gold shows no signs of abating, can we expect it to touch Rs 2 lakh in the next five years?
