Recently it was revealed that the price of gold in the country has increased by 200 percent in the last 6 years. Motilal Oswal Financial Services Limited (MOFSL) report said that gold was at Rs 30,000 per 10 grams in May 2019. But by June 2025, the price rose to more than Rs 1,00,000 per 10 grams. Talking about this year, gold prices have given great returns to investors in 2025.
The price of gold has climbed more than 30 percent on the Multi Commodity Exchange (MCX). Looking at the last 6 years, the price of gold on MCX was about ₹ 32,000 per 10 grams in May 2019. It has now increased to about ₹ 97,800 per 10 grams, ie increase by more than 200 percent.
Boost from these factors
This fast was mainly involved in Covid-19 epidemic, extremely loose monetary policies, geopolitical stress and uncertainty in the financial market. In 2025, gold saw her record high at Rs 1,01,078 per 10 grams at MCX. The atmosphere is still supportive for structurally high prices in the long term. The important role of gold in the portfolio diversification remains intact and will continue.
Talking about the future of gold, gold will be in demand as a safe asset amidst any kind of pleasant stress. Also, new avenues of its demand are also opening. As it is being said that China is allegedly applying 1% of its assets under management (AUM) in the insurance sector.
Where will the price be in 5 years
According to a report by Live Mint, an expert says that gold prices may continue to rise in the next 5 years. Gold demands are expected to remain as a safe investment due to geopolitical tension and trade war. In the last 5 years, the price of gold in the Indian market increased by 18% compound annual growth rate (CAGR). If this speed continues, during the next 5 years, gold prices can reach ₹ 2,25,000 per 10 grams.
MOFSL estimates consolidation
On the other hand, MOFSL has said in its latest Gold Strategy Report that gold prices can now go to the consolidation phase i.e. stagnation. Further speed will require a big and new trigger. MOFSL’s Precious Metal Research Analyst Manav Modi said, “We should now wait for more clarity or a decisive trigger who push the prices of gold again. Meanwhile, there will be a period of consolidation in gold.”
MOFSL reports have given many important reasons behind the pause. Such as the effect of the Bhurajnical conflict between Israel-Iran and Russia-Ukraine, reduced tariff war, postponement of interest rates, postponement of interest rates, slow purchases from central banks and gold prices have been at a high level for a long time.