In an extraordinary market milestone gold futures on the Multi Commodity Exchange (MCX) surged to an all-time high of Rs 1,00,000 per 10 grams on Tuesday marking a staggering 17-fold rise since futures trading began in 2003. Back then, the yellow metal traded at just Rs 5,858 making today’s peak a powerful reminder of gold’s enduring appeal during economic turmoil.
Historically, gold has served as a safe-haven asset, particularly in times of crisis. From the 2008 global financial crash to the COVID-19 pandemic, and through the Trump-era trade wars, the precious metal has consistently provided attractive returns. In 2010, it touched Rs 17,208 per 10 grams, crossed Rs 20,000 in 2011, and steadily climbed higher despite intermittent corrections.
The latest rally is being driven by a mix of global uncertainties: rising geopolitical tensions, inflationary pressures, and evolving US monetary policies. All these factors have investors seeking shelter in traditionally stable assets, with gold topping the list.
Experts say the psychological Rs 1 lakh barrier reflects not just inflation fears or currency fluctuations, but also a broader shift in risk appetite. As markets brace for continued volatility, gold’s glow only seems to be getting stronger.
For Indian investors the surge may be historic but it’s also a cue to reflect on gold’s time-tested role: not just as jewelry or tradition, but as a resilient hedge against chaos.
