Gold has captured investor attention once again — not just for its glitter, but for its meteoric rise. On Thursday, MCX Gold June futures hit an all-time high of ₹95,935 per 10 grams, while Comex Gold surged to $3,371.90 per troy ounce, fueled by rising geopolitical risks and persistent concerns about global economic growth.

But the big question on every investor’s mind: Can MCX Gold breach the ₹1,00,000 mark in April or May 2025?

What’s Driving the Rally?

The rally in gold prices is being powered by a mix of global headwinds and macroeconomic uncertainty:

Ongoing trade tensions, largely stemming from policy actions by the U.S. administration, have reignited investor fears and triggered demand for safe-haven assets like gold. Expectations of U.S. Fed rate cuts amid signs of a slowing economy are lending further support. A weaker dollar, sustained central bank buying, and rising geopolitical tensions — all contribute to gold’s appeal.

On Thursday, however, gold prices witnessed mild profit-booking, closing 0.44% lower at ₹95,239 per 10 grams. Trading was shut on Friday due to Good Friday.

Can ₹1,00,000 Become a Reality?

While the ₹1 lakh target is now in sight, most analysts remain cautious about a near-term breakout. The consensus view is that gold may approach ₹97,000 in the coming weeks, but a psychological mark like ₹1 lakh may take longer — perhaps over the next 1 to 2 years — unless a new catalyst emerges.

With many of the current global risks already priced in, gold now lacks a fresh trigger for another sharp leg up. Further upward movement may depend on upcoming U.S. economic data, Federal Reserve decisions, and any renewed escalation in global tensions.

What Should Investors Do?

Gold remains a solid hedge in a volatile macro environment, and the medium-to-long-term outlook is constructive. However, near-term volatility may offer opportunities for prudent profit-taking.

Experts advise investors to consider booking 30% to 50% profits at current levels to protect gains, especially if short-term goals are in sight. Key watchpoints include:

Dollar strength: A strong greenback could put downward pressure on gold. Interest rates: Hawkish central bank commentary may pause the rally. Investor fatigue: With prices already high, demand may taper off in the absence of new triggers.

Global Economic Calendar – Key Events to Track

April 18–24, 2025

April 18 (Fri): China Q1 GDP, Industrial Production April 19 (Sat): U.S. Jobless Claims (Previous Week) April 22 (Mon): Eurozone Consumer Confidence Flash April 23 (Tue): Japan Trade Balance April 24 (Wed): UK CPI Inflation, U.S. Manufacturing PMI

Curious about what lies ahead for gold prices and broader markets?

Watch our latest [YouTube video] where we break down the trends, investor strategies, and what to watch in the days ahead.

Stay informed. Stay invested.