Gold prices in India are soaring, with 22-carat gold nearing ₹90,000 per sovereign as of October 7. Economists predict that rising global tensions, falling rupee value, and increased festive demand could push the price past ₹1 lakh per sovereign by early 2026 — or even sooner. The surge is driven by import tariffs, US economic policies, and rising global demand ahead of Diwali and wedding season.
