Gold Investment: What Will Be the Price of 1 Tola Gold by 2035? What’s the Situation for Those Who Have Already Invested?

Investment in Gold: A Secure Option for Decades
Gold has long been considered a safe investment option. In India, gold is not just a financial asset but is deeply intertwined with cultural and social values. In recent years, gold prices have seen significant fluctuations, with both international and domestic markets reaching record highs. So, what can we expect for gold prices in the next decade? What is the outlook for those who have already invested or are looking to invest in gold? Let’s explore the factors influencing gold prices and the expert predictions for the future.

In the upcoming decade, gold prices are expected to rise due to factors such as economic uncertainty, geopolitical tensions, and central bank purchases. While experts predict that gold prices could reach ₹1 lakh per 10 grams in the long term, there is also a possibility of price reduction if supply increases. Indian investors should keep an eye on market trends and seek financial advice before investing in gold. Let’s take a look at some expert opinions and recommendations.

Factors Affecting Gold Prices
Gold prices are influenced by a range of economic, political, and social factors. According to experts, the following factors will play a key role in determining gold prices in the next decade:

Economic Uncertainty and Inflation: Economic recession, inflation, and changes in interest rates drive up demand for gold. According to JP Morgan experts, gold prices could exceed $4,000 per ounce by 2026, driven by fears of recession and trade tensions.
Geopolitical Tensions: Trade disputes between the US and China, along with other international conflicts, make gold a more attractive safe-haven asset. If these tensions persist, gold prices could rise significantly.
Central Bank Purchases: Central banks, especially China, have been buying over 1,000 tons of gold annually for the past three years. If this trend continues, gold prices are expected to rise in the long run.
Dollar Depreciation: A decline in the value of the dollar tends to increase gold prices, as gold typically has an inverse relationship with the dollar.
Supply and Demand Dynamics: Limited gold supply and increased demand from countries like India and China could push prices higher. However, some experts suggest that if supply increases, gold prices may decrease.

Expert Predictions

Uday Kotak (Founder, Kotak Mahindra Bank): He praised the trust that Indian women place in gold, noting that gold’s performance has improved over time and that Indian women are among the world’s best financial managers.
Robert Kiyosaki (Author, Rich Dad Poor Dad): Kiyosaki warned of a potential severe economic recession in the US, citing rising credit card debt, national debt, unemployment, and the decreasing value of pension funds. He predicts that by 2035, gold prices could exceed $30,000 per ounce (around ₹25,61,917 in Indian currency). He also recommends silver reaching $3,000 per ounce by 2030 and Bitcoin reaching $1 million.

Short-Term Predictions:
Goldman Sachs predicts that by the end of 2025, gold prices could reach $3,300 per ounce, and in extreme risk scenarios, prices could rise to $4,500. Experts believe that gold prices on the MCX in India may touch ₹1 lakh per 10 grams by the end of this year or early next year.

Long-Term Predictions:
Some experts predict that in the next 5-10 years, gold prices could reach ₹1 lakh per 10 grams, driven by inflation, economic uncertainty, and central bank purchases. However, others predict that if gold supply increases, prices may fall to around ₹56,000 per 10 grams.

Expected Returns in 2025:
According to Financial Express, experts estimate that gold could deliver a 71% return by the end of 2025, driven by US-China trade disputes and fears of an economic recession.

Fluctuations in Gold Prices in India
Gold prices in India have risen significantly in recent years. For instance, on April 24, 2025, the price of 22-carat gold per 10 grams reached ₹90,150, which, although slightly lower from its record highs, is still a significant price. During festive seasons like Akshaya Tritiya, increased demand may drive prices higher. However, in the past two days, gold prices have dropped by ₹2,480, which has provided some relief to buyers.