Gold Price Surges Rs 1,324 in One Week to Rs 1.26 Lakh: Factors Behind the Rally and Future Outlook

Nov 29, 2025 05:29 pm CST

24-carat gold prices increased by Rs 1,324 in a week, reaching Rs 1,26,666 per 10 grams due to safe haven buying and Federal Reserve rate cut expectations. Analysts project potential further gains to Rs 131,500 if momentum continues, with Bank of America forecasting possible $5,000 levels driven by government debt, inflation, and changing economic policies.