Gold prices in India hit a historic milestone this week as global uncertainties fueled demand for the safe-haven metal. Prices zoomed past the crucial Rs 1 lakh-mark for 10 grams in the national capital on Tuesday before making a u-turn amid weak global trend. The historical rally however left some on the internet unsurprised — seeing as how Bollywood had ‘predicted’ this nearly 35 years ago.
Excerpts from the 1989 film Guru have gone viral over the past day with many fans insisting that Shakti Kapoor was the “best stock market analyst”. The actor had predicted — while playing the villainous Vicky — that the price of gold would reach Rs 1 lakh per tola ‘one day’. And while Mithun Chakraborty had looked somewhat unimpressed by his futuristic outlook at the time, that day appeared to be Tuesday (April 22).
“…uske baad humare sone ka bhaav badhega. 5,000 rupiya tola, 10,000 ka tola, 50,000 ka tola, 1 lakh tola!” the ‘visionary’ actor can be heard saying in the now-viral clip.
Gold prices surged by Rs 1,800 to zoom past the crucial Rs 1 lakh-mark for 10 grams in the national capital on Tuesday amid buying rush by local jewellers and stockists in anticipation of increased demand during Akshaya Tritiya and wedding season. The yellow metal has spurted by Rs 22,650 per 10 grams (nearly 29%) since December 2024.
According to the All India Sarafa Association, the precious metal of 99.9% purity climbed Rs 1,800 to hit the lifetime peak of Rs 1,01,600 per 10 grams on Tuesday. Gold of 99.5% also jumped by Rs 2,800 to hit a record high of Rs 1,02,100 per 10 grams in the local markets.
Prices had later corrected after US President Donald Trump indicated a softening stance on steep tariffs against China. Gold of 99.5 per cent fall sharply by Rs 3,400 to Rs 98,700 per 10 grams on Wednesday, a day after jumping Rs 2,800 to an all-time high of Rs 1,02,100 per 10 grams in the local markets.
(With inputs from agencies)