Hyderabad: 26 June 10:01 PM IST
Gold has once again become the center of attention after prices in India crossed the historic ₹1.4 lakh mark for 10 grams. As the yellow metal continues to set new records, a bigger question is emerging among investors: Can gold reach ₹3 lakh per 10 grams by 2030?
While such a target may appear ambitious today, several market experts believe it cannot be completely ruled out if current global economic trends continue. Rising inflation, growing geopolitical tensions, central bank buying, mounting government debt, and a weakening confidence in traditional currencies are among the key factors supporting a bullish long-term outlook for gold.
Why Are Experts Bullish on Gold?
Financial analysts say gold has historically performed well during periods of economic uncertainty. Unlike paper currencies, gold is considered a safe-haven asset that tends to retain its value when inflation rises or financial markets become volatile.
One of the strongest drivers behind the recent rally has been the aggressive purchase of gold by central banks around the world. Countries such as China, India, and Russia have been steadily increasing their gold reserves while reducing their dependence on the US dollar in foreign exchange reserves. This shift has strengthened demand for gold in the international market.
Another important factor is the growing debt burden across major economies. Governments worldwide have accumulated record levels of debt over the past decade, raising concerns about the long-term stability of fiat currencies. Historically, investors have turned to gold during such periods as a hedge against economic uncertainty.
Could Gold Really Reach ₹3 Lakh by 2030?
Several market estimates suggest that if current trends continue, gold prices could rise significantly over the next five to six years. Some projections even indicate that the price of gold could touch ₹30,000 per gram, taking the price of 10 grams close to ₹3 lakh by 2030.
However, experts caution that these are projections rather than guarantees. Gold prices are influenced by multiple factors, including global inflation, interest rate decisions by major central banks, the strength of the US dollar, supply-demand dynamics, and geopolitical developments. Any major shift in these factors could either accelerate or slow the pace of price growth.
Robert Kiyosaki’s Bold Prediction
The discussion gained further momentum after financial educator and “Rich Dad Poor Dad” author Robert Kiyosaki shared his views on X (formerly Twitter).
Kiyosaki said he believes gold and silver are entering a long-term bull market. Referring to investor Jim Rickards, he noted that Rickards has projected gold could eventually reach $35,000 per ounce under certain global economic conditions.
Kiyosaki also recalled buying gold at around $300 per ounce during the major bull run that began in 2000. According to him, today’s global macroeconomic environment is even more fragile, with soaring government debt and increasing financial uncertainty creating favorable conditions for precious metals.
Quoting legendary banker J.P. Morgan’s famous statement, “Gold is money. Everything else is credit,” Kiyosaki argued that modern fiat currencies, including the US dollar, operate within a debt-based financial system. He encouraged investors to conduct their own research before making investment decisions rather than blindly following market predictions.
How AI and Global Changes Could Influence Investments
Kiyosaki also highlighted the rapid advancement of artificial intelligence (AI), warning that the technology could transform economies, employment, and financial markets over the coming years. As industries evolve and economic structures change, investors may increasingly look for stable assets that can preserve wealth during periods of disruption.
Although AI itself does not directly determine gold prices, technological and economic transitions often influence investor sentiment and capital flows. During uncertain times, safe-haven assets such as gold and silver generally attract greater demand.
What Should Investors Keep in Mind?
Despite the optimistic forecasts, financial experts advise investors not to rely solely on price predictions. Gold should be viewed as a long-term wealth preservation asset rather than a vehicle for quick profits.
Before making investment decisions, investors should carefully evaluate their financial goals, risk tolerance, portfolio diversification, and prevailing market conditions. Economic indicators such as inflation, central bank policies, currency movements, and global geopolitical developments will continue to play a crucial role in determining gold prices.
Whether or not gold reaches ₹3 lakh per 10 grams by 2030 remains uncertain. However, one thing is clear: with central banks accumulating record amounts of gold, global debt continuing to rise, and economic uncertainty showing few signs of easing, the precious metal is expected to remain one of the most closely watched investment assets in the years ahead.
Mohammed Naseer Giyas is a multi-media and bilingual journalist with over 20 years of experience across print, digital, and television media. Founder of Raftaar-e-Deccan, he is an alumnus of IVLP, Thomson Reuters Foundation, and ICFJ, and has worked with leading English and Urdu news organisations.
