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Business
Gold prices may touch ₹2 lakh in 6 months; buyers rush to Ahmedabad
✍️ Bhaskar English
🗓 29 Oct 2026, 03:37 PM
👁 3
Amid predictions that gold prices could reach ₹2 lakh per 10 grams within six months, a rush of buyers has been observed in Ahmedabad. Similar trends are noted in Surat and Rajkot ahead of the upcoming wedding season.
Gold prices in India are poised for a significant surge, with market observations suggesting that the cost of gold may hit the ₹2 lakh mark within the next six months. This projection has triggered a wave of buying activity across major cities in Gujarat.
In Ahmedabad, jewelry shops and bullion markets have witnessed a rush of buyers eager to secure gold before potential price hikes. The trend is not limited to the state capital; similar buying frenzies have been reported in Surat and Rajkot as well.
The surge in demand is largely attributed to the approaching wedding season, often referred to as the 'Push' period in local markets, where gold purchases traditionally spike. Buyers are moving quickly to hedge against anticipated inflation in precious metal costs.
While specific institutional forecasts were not detailed in the initial reports, the collective market sentiment indicates a strong belief in continued upward price movement. Traders in these key commercial hubs are reporting increased footfall and higher transaction volumes in recent days.
In Ahmedabad, jewelry shops and bullion markets have witnessed a rush of buyers eager to secure gold before potential price hikes. The trend is not limited to the state capital; similar buying frenzies have been reported in Surat and Rajkot as well.
The surge in demand is largely attributed to the approaching wedding season, often referred to as the 'Push' period in local markets, where gold purchases traditionally spike. Buyers are moving quickly to hedge against anticipated inflation in precious metal costs.
While specific institutional forecasts were not detailed in the initial reports, the collective market sentiment indicates a strong belief in continued upward price movement. Traders in these key commercial hubs are reporting increased footfall and higher transaction volumes in recent days.