Gold price will cross Rs 3 lakh, America's leading economist gives proof!
If you're worried about the current price of gold, the news ahead is even more alarming. American economist Ed Yardeni has claimed that gold could surpass ₹300,000 per 10 grams by 2029. He predicted that interest rate cuts and the desire for safe haven investments could push gold prices to as high as $10,000 per ounce in the global market.
Gold price prediction 2029: Be it the domestic market or the foreign market across the seven seas, the fire in gold prices is showing no signs of subsiding.
If you are sweating just by looking at the current price of gold of Rs 1.41 lakh per 10 grams, then hold your heart and sit. The times to come are going to be even more heavy on your pocket.
The prediction made by a well-known and renowned economist of America is enough to disturb not only the investors but also every father who is saving gold for his daughter's wedding.
It has been claimed that in the coming few years, the price of gold may more than double from the current level and cross Rs 3 lakh.
Gold may reach $10,000 per ounce
Veteran market strategist and American economist Ed Yardeni has made a claim that has stirred the financial world. He says that this gold rush is unstoppable.
According to Yardeni, the price of gold in the global market could surpass the magical $10,000 per ounce mark by the end of this decade, i.e., by 2029.
Just understand the math: The current global price of gold is around $4,410 per ounce. If this prediction comes true, it means a 127% increase from today's price.
In the Indian market, gold, which is currently around ₹1.41 lakh, could rise at this rate to reach ₹3.08 lakh per 10 grams. This increase could be seen within just 3 to 4 years.
Why are prices getting out of control?
Now the question arises: why is gold so high? The biggest reason behind this is the expectation of an interest rate cut by the US Federal Reserve. Investors believe that as interest rates decrease, the attractiveness of the stock market and currency market will decrease, and money will flow into gold.
Furthermore, ongoing political turmoil and economic uncertainty around the world have made gold a safe haven. This is why gold prices have risen by 67% in 2025 alone. On December 22nd, gold even set an all-time high in the spot market.
Why will gold cross Rs 3 lakh?
It's commonly believed that when the stock market rises, gold prices fall, but Ed Yardeni rejects this old belief. He believes that history shows that whenever gold rises, it far exceeds expectations.
In the long term, both the S&P 500, the leading US stock market index, and gold will reach new heights.
Yardeni clearly states that the share of gold in investors' portfolios is steadily increasing. Gold is no longer just a safe haven for bad times, but has become an asset class that generates significant long-term returns. This is the biggest evidence that gold prices are set to rise in the coming days.