Gold Price Soars: Will it Hit Rs 2 Lakh by Ugadi? Experts Weigh In

• Gold prices have seen an unprecedented surge, increasing by over Rs 10,000 in just three days, causing alarm among buyers.
• Market experts predict that 10 grams of gold could reach Rs 2 lakh by Ugadi (in two months) if current geopolitical tensions and trade sanctions persist.
• Increased demand during the upcoming wedding season and aggressive gold buying by central banks like China and India are further driving prices up.
• Goldman Sachs and other institutions forecast an annual growth of 15-20% for gold prices, indicating a continued upward trend.
• Factors like US economic sanctions, rupee depreciation against the dollar, and international market dynamics are contributing to the gold rally.

Why It Matters: Gold prices are rapidly increasing, with predictions of reaching Rs 2 lakh per 10 grams by Ugadi due to global and local factors.