Gold’s spectacular rally through 2025 has reignited debate among investors about just how high the yellow metal can go. On October 16, gold prices in India hit an all-time high of Rs 1,28,395 per 10 grams, marking a stunning 67% rise since January.

Gold prices saw a sharp rally in 2025, significantly outperforming equity markets. Between December 31, 2024, and October 14, 2025, MCX gold futures jumped more than 64%, while the BSE Sensex recorded only a modest 5% gain during the same period. Advertisement

The surge has left analysts split between two camps — one predicting a continued uptrend that could take gold to Rs 3 lakh per 10 grams by 2030, and another warning of an imminent correction.

According to Rahul Jain, SEBI-registered research analyst, “In the last 100 years of gold hist

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