GENERAL22 Sept 2026
Gold rate to touch ₹3 lakh per 10 grams soon in India? What yellow metal investors should know | Stock Market News
Jefferies analyst Chris Wood says gold could touch $10,000 an ounce in the long term, as US and Japanese fiscal strains may weaken the dollar. Indian gold is already holding above ₹1,50,000 per 10 grams, with festival demand adding support. At today's dollar-rupee rate near ₹96, that means roughly ₹3 lakh per 10 grams. Treat this as a forecast and check with an expert first.
Key Statutory Highlights
- Chris Wood of Jefferies said gold reaching $10,000 per ounce is feasible in the long term due to severe US and Japanese fiscal strains.
- Gold in India has been sustaining above ₹1,50,000 per 10 grams, forming a strong base around ₹1,42,000 and ₹1,35,000 per 10 grams.
- At a USD-INR rate of around ₹96, $10,000 per ounce would work out to roughly ₹3,38,630 per 10 grams for MCX gold.
Actionable Advice for Taxpayers / Founders:If you plan to buy gold this festive season, treat the $10,000 per ounce view as one analyst's long-term forecast and not a guarantee. Check with a certified financial expert before making any investment decision.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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