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New Delhi: Whether it is the domestic market or the foreign market, the rally in gold prices doesn’t seem to stop soon. A well-known and veteran economist of the United States has perojected the price of gold to rise more than double the current level and cross Rs 3 lakh per 10 grams.
Veteran market strategist and American economist Ed Yardeny has made a claim that has created a stir in the financial world. He says that this race for gold is not going to stop yet. According to Yardeni, by the end of this decade i.e. by the year 2029, the price of gold in the global market may cross 10,000 dollars per ounce.
Just understand the math, the price of gold in the global market is hovering around $4,410 per ounce. If this prediction comes true, it means that the precious yellow metal will jump by about 127 percent. In terms of the Indian market, the gold which is around Rs 1.41 lakh per 10 grams will increase to Rs 3.08 lakh per 10 grams. This surge can be seen in just 3 to 4 years.
Now the question arises, why is there so much fire in gold? The biggest reason behind this is the expectation of the US Federal Reserve to cut interest rates. Investors believe that as soon as the interest rates fall, the attractiveness of the stock market and the currency market will decrease a bit, and the money will turn towards gold. In addition, the ongoing political turmoil and economic uncertainty around the world have made gold a 'safe haven' i.e. a safe investment. This is the reason that gold prices have risen by 67 percent in 2025 alone. On 22 December, gold also set its all-time high record in the spot market.
It is generally believed that when the stock market goes up, gold prices fall, but Ed Yardeni rejects this old notion. He believes that history stands as a witness that whenever gold rises, it goes far beyond estimates. In the long term, both the main index of the US stock market S&P 500 and gold will reach new heights.
Yardeni clearly states that the share of gold in the investors' portfolio is constantly increasing. Now gold is not just the wealth of a vault used in bad times, but it has become an asset class that gives huge returns in the long term. This is the biggest proof that the price of gold is going to rise in the coming days.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver and crypto assets.)
