Gold is once again in the spotlight in India, attracting attention from both investors and consumers. With prices hitting new highs, market watchers are closely tracking every development.
Recently, the price of gold on the Multi-Commodity Exchange (MCX) touched Rs 1 lakh per 10 grams, sparking curiosity across the country.
Experts attribute the current surge in gold prices to global developments and economic uncertainties. Factors such as inflation, trade tensions and currency fluctuations are prompting investors to turn to safer assets like gold.
Additionally, speculations around tariffs, currency volatility and slowing global growth are driving increased demand for the precious metal.
Amid these developments, old predictions by Bulgarian mystic Baba Vanga have resurfaced, with people connecting her warnings of a global financial crisis to the current market trends.
According to interpretations of her prophecies, the world could experience a “cash-crush” situation in 2026.
This could mean banking troubles, liquidity shortages and a crisis that could affect traditional financial systems. If such a scenario unfolds, experts believe gold prices could climb even higher.
Historically, during global recessions, gold has risen anywhere between 20% to 50%.
Analysts predict that if a major crisis hits, gold in India could reach between Rs 1.62 lakh and Rs 1.82 lakh per 10 grams by Diwali 2026.
For investors, this strengthens gold’s position as a smart hedge in uncertain times. It is a way to protect wealth when other investments look risky or unpredictable.
For everyday consumers, especially in India, where gold is tied to culture and emotion, these rising prices might influence purchasing habits and gifting traditions.
However, experts also urge people to stay cautious and practical, suggesting that investment decisions should be guided by real economic data and market analysis.
