Gold Soars 70% in a Year, Experts Predict Further Surge to ₹1.58 Lakh by 2026

• Gold prices hit a record ₹1.40 lakh per 10 grams (24-carat) recently, marking a 70% increase in the last year.
• Experts attribute the surge to global geopolitical instability and increased demand for safe-haven investments.
• Analysts predict international gold prices could reach $5,000 per ounce by December next year.
• This translates to approximately ₹1,58,485 per 10 grams in Indian currency, with an additional 36% rise plus 3% GST.
• Ongoing geopolitical tensions, stock market volatility, and the Russia-Ukraine war are driving investors towards gold.

Why It Matters: Gold prices surged 70% last year and are projected to rise further due to global instability.