Gold To Hit ₹2 Lakh Soon? When Gold Could Retest Its All-Time High Levels

Gold and silver remain in focus as investors assess the next major move in precious metals. With gold trading around ₹1.5 lakh per 10 grams and silver near ₹2.4 lakh per kg, the key question is how soon they could revisit their previous peaks. Navneet Damani, Head of Research, Commodities, Motilal Oswal Financial Services, shares his outlook for gold and silver, highlighting the impact of the rupee, customs duties and global prices. He expects gold to remain positive and sees a potential move towards ₹2 lakh–₹2.1 lakh per 10 grams on the domestic front over the next 12 months.