Gold Price In India: Gold has had a stellar run in 2025 so far. With gold prices crossing the Rs 1 lakh mark per 10-gram mark earlier this week on April 22. Notably this all-time high price level was achieved amid rising macroeconomic uncertainty. Following the historic event, several prominent voices highlighted the yellow metal’s ability to act as a safe-haven asset.
Uday Kotak the, Founder and Director of private sector lender Kotak Mahindra Bank also talked about the merits of the yellow metal in a post on social media platform X.
“The performance of Gold over time highlights that the Indian housewife is the smartest fund manager in the world. Governments, central banks, economists, who support pump priming, high deficit funding, may need to take a leaf from India, a net importer of store of value forever!,” Kotak wrote in his post.
Kotak highlighted the way the yellow metal has performed and the ingenuity of Indian women who buy the yellow metal. He mentioned that the Indian housewife is the ‘smartest fund manager’ for putting money in Gold as an investment. He added that governments and central banks resort to ‘pump priming’ and ‘high deficit funding’ during a recession or downturn.
Kotak’s remarks come at a time when several investors have highlighted concerns regarding the stability in the value of the fiat currency and rising fiscal deficits in advanced economies. Robert Kiyosaki of Rich Dad Poor Dad fame also made bullish remarks regarding Gold’s price in the coming decade. Kiyosaki projected that in the next ten years, Gold will achieve a $30,000 per troy ounce price in the next ten years.
"I strongly believe, by 2035, that one Bitcoin will be over $1 million dollars. Gold will be $30k and silver $3,000 a coin,” Kiyosaki said in a post.
Amid continued uncertainty regarding the impact of US President Donald Trump’s trade tariffs, which have been postponed for now and the rising tensions between India and Pakistan following the terrorist attack on tourists in Jammu and Kashmir, Gold remains a key safe haven asset and a trusted store of value at both the macroeconomic and microeconomic level in India.
On Friday, April 25, MCX gold rates closed above Rs 95,000 per 10 gm, declining more than Rs 4,300 per 10 gm from its all-time high-level hit on April 22. Spot gold price in the international market also ended on Friday at $3,298.20 per ounce, falling over $200 below the lifetime high.
