Gold may hit Rs 15 lakh? Billionaire investor sees 10-fold rise as ‘inevitable’
Gold prices have corrected in the last few months from their historic highs after rising meteorically the whole of 2025. This led many to question whether the bull run in the precious metal is over.
Billionaire investor Thomas Kaplan predicts that gold prices may surge tenfold, reaching $50,000 per ounce, which would amount to approximately Rs 15 lakh for 10 grams. Kaplan sees this dramatic increase as inevitable rather than merely possible. Currently trading at $4,600, a tenfold rise would propel gold's price to around $46,000 an ounce.
Kaplan does not specify when this increase might occur but remains certain that gold and silver will continue to multiply in value in the medium to long term. He views the current decline in gold prices as a correction within a broader bull market, likening it to the 1987 "1987 moment."
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
