Gold Rs.90000 per 10 gram first or Rs.170000 per 10 Gram First?
23rd October 2025
Gold Rs.90000 per 10 gram first or Rs.170000 per 10 Gram First?
Dear Fellow Investors,
Namaste! On 9th April 2025 we wrote our most read post -Will Gold touch Rs.60000 per 10 grams first or Rs.120000 per 10 grams first? Gold Made Rs.135000 per 10 grams in the last two days. Accuracy is our speciality and those who read our post with Common-Sense are always kept ahead of the market events. Today the Gold prices are around Rs.127000 per 10 grams. So, I am talking about two possibilities as per the above.
What are the General Views?
99 out of 100 Self Made Gold Experts are talking about CORRECTION / MANDI in Gold after a meteoric rise. They are sharing their logic and they may be proven right also. In fact, if the gold prices come down by 10-15% from the top of Rs.135000 per 10 grams – they will make big headlines in their YouTube Channels. To prove them right in a short term of 2 days – Gold has corrected from the top by Rs.8000 per 10 Grams. This is logical. But markets always operate on EMOTIONS.
What is the larger Picture?
1. In the first 8 months of the year 2025 – Gold ETFs world over got the flow of USD 64 billions. Out of these USD 30 Billion has come from NORTH AMERICA!! So, the story of Central Government buying / China buying is not 100% TRUE. If you dig the DATA – Central Banks were the major buyers in 2023. They are not major buyers in 2025. So, this year's rally was fuelled by ETF investors.
2. The Retail guys investment in Gold was 8% of their Total Wealth in 1980 ( Gold made a Top around 1980). It came down to just 1% in 2010. Thanks to TRUMP policies / Weak Dollar / Rate Cut and Momentum in Gold prices – their ownership has started increasing and now it is 2%. This will add to the rally in the gold prices in the coming time.
3. On the other Hand Central Bank’s Holding used to be 60% in 1980 which had come down to 10%. Now it has increased to around 25% and it may keep on increasing thanks to DE-DOLLARIZATION. This year Poland / Turkey / China are the big buyers of Gold.
4. Lower income Americans are struggling to pay for their EMIs and Delinquencies are rising. This will affect the banking system over there and Gold will get more and more demand.
5. Indians Spend USD 77 billions on just one day of Diwali. This is when we are earning just USD 3000 per capita. What will be our demand when our per capita goes up to USD 10000 to USD 15000? This will fuel our GDP and GST collection and Demand also. Gold is always an integral part of our shopping.
6. Master stroke of Modi ji: - While Trump is busy announcing TARIFFS – Modi Ji has done something unexpected and it is hitting the USA hard.
India has asked FTA partners to settle trade in Rupees instead of USD. We have FTAs with UAE / UK / Australia / Bhutan / Nepal / Sri Lanka / Maldives / Afghanistan / China / South Korea / Japan / Malaysia / Singapore / Thailand / Indonesia / Brunei / Philippines / Vietnam / Mauritius / Switzerland / Iceland and many others.
The above will increase the speed of De-Dollarisation and demand of Gold will increase as the countries will become net sellers of the Dollar due to lower demand of Dollars.
What has been my Categorical Call on Gold?
You can read my post - On 9th April 2025 we wrote our most read post -Will Gold touch Rs.60000 per 10 grams first or Rs.120000 per 10 grams first?
I have categorically given three years – 2029, 2033 and 2035 when the Gold prices RESET may happen. From 2035 – another round of GURU TANDAV will start. In that case Gold can be super bullish till 2044. Till then – I would love to hold gold. Buy gold in a dip without worry. Ideally, you buy gold and let your generations enjoy the benefits of the same.
Till that time – if you are a trader – trade in the gold as per your understanding.
Ideally, strategic investments in the Gold with a 5 to 10 years view will be more beneficial for the normal guys.
What is the Conclusion?
World over situations are going to be challenging for the foreseeable future. If you have the patience to hold Gold minimum up to the year 2029 – I think you all will bless me.
Take your call.
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Follow me on Twitter @hiteshmparikh / WhatsApp - +91-9869425399.
Learn a Lesson. Live with Passion & Invest with Reason.
Hitesh Parikh.
Liked clear opinion orelse yr writings will be in both sides & u will be publishing u were right but today clear prediction TNX
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