Gold has become Rs 1.23 lakh per 10 grams.
There has been a huge increase in the prices of gold since last one year. The situation is such that buying gold has now become difficult for the common man. In such a situation, it has become a problem for those people who were waiting to buy gold for their marriage. The strength of gold is continuously increasing. The situation is that till a few years ago, only Alto car was available for one kilo of gold, now 12 SUVs are available for one kilo of gold.
rising prices of gold And its strength can be gauged from the fact that about 35 years ago, i.e. in 1990, one could buy only a Maruti Alto car at the price of one kilo of gold, but today one can buy a Tata Nexon car at the price of one kilo of gold. Not only this, you can also buy a luxury car like a Land Rover for the price of one kilo of gold. If this continues, then in the coming few years the price of one kg of gold will be equal to the price of Rolls Royce, which is one of the most expensive cars in the world.
A dozen Tata Nexons will arrive like this
Today, on October 13, the bullion rate of 24 carat gold has reached Rs 1.23 lakh per 10 grams. If seen this way, the price of one kg gold will be Rs 1.23 crore. At this price, 12 units of mid variant of Tata Nexon can be purchased, which will cost around Rs 10 lakh. Experts believe that gold and silver are considered safe investments in these fluctuating markets. Investors can protect their investment portfolio from risk by investing money in these metals.
Also read- Will gold cross Rs 1.5 lakh on Dhanteras? what do experts say
Why is gold becoming expensive?
There is uncertainty in the market due to increasing trade tension between America and China and due to this the prices of gold and silver are continuously touching high. Donald Trump has given a statement that he will impose 100% additional duty (tariff) on imports from China and will also ban America’s software exports. On the other hand, China has also announced a ban on the export of rare minerals.
Gold has increased so much in the last 20 years
In the last 20 years (2005–2025), there has been a tremendous rise in the prices of gold. Gold has increased from ₹7,638 (2005) to ₹1,00,000 (by June 2025), i.e. an increase of 1,200%. In these 20 years, there were 16 years when gold gave negative returns. Gold has risen 31% year to date (YTD) in 2025 and consecutive record-breaking prices have made it one of the best performing investment categories this year.