The Road Ahead: Can Gold Ever Become Cheap Again?

Every peak invites a question — what’s next? Gold’s rise to over ₹1,20,000 per 10 grams in 2025 has sparked both excitement and worry. For those who missed buying earlier, it feels out of reach. For those holding it, there’s quiet pride mixed with uncertainty. Can something this expensive ever turn humble again?

History suggests patience, not miracles. Gold rarely collapses; it drifts. After its big rally in 2011, prices in India hovered near ₹26,000 for years before climbing again. The metal doesn’t like drama — it moves with slow, deliberate steps. Even when it looks flat, it’s adjusting to currencies, inflation, and global sentiment.

If the world economy steadies — inflation cools, wars ease, and digital investments regain trust — gold could soften. Analysts believe prices may settle near the ₹95,000–₹1,00,000 band if major economies cut interest rates and the dollar strengthens. But a real “cheap gold” phase, like the 1990s, feels distant. The global money supply and debt levels are simply too large now.

Technology might shape the next turn. With more people investing digitally through gold ETFs or tokenised assets, the physical rush could calm a little. Yet, even in that shift, the emotional bond remains. People won’t stop gifting gold or saving it for the unexpected — they’ll just find new ways to hold it.

In truth, gold doesn’t become cheap or costly — it becomes relevant or ignored. When fear fades, attention moves elsewhere; when uncertainty returns, gold quietly reclaims its spotlight. That rhythm has held for centuries, from the trade routes of 200 BC to the trading screens of 2025.

So maybe the real question isn’t whether gold will fall, but whether the world will ever stop needing something that feels this real. As long as trust wobbles, gold will keep shining.