On the MCX, the October contract crossed the psychologically vital Rs 1 lakh stage, touching Rs 1,00,484 per 10 grams—its highest ever. The June and August contracts additionally hit report highs of Rs 99,178 and Rs 99,800, respectively. International costs have been equally buoyant, with spot gold reaching an all-time excessive of $3,500.05 per ounce earlier than settling barely decrease.
The value surge has intensified debate over the steel’s future trajectory. Nevertheless it additionally triggered a wave of nostalgic humor on-line, as a scene from the 1989 movie Guru—the place Kapoor performs a villain—went viral. Within the clip, his character delivers a dramatic monologue forecasting gold costs touching Rs 5,000, Rs 10,000, Rs 60,000, and in the end Rs 1 lakh per tola (11.66 grams).
Though not technically accurate in units, the clip struck a chord with viewers amid today’s price milestones. One X (formerly Twitter) user shared the meme, dubbing Kapoor “India’s first economist” for having “predicted” gold’s future long before analysts did.
The viral video coincides with intense activity in both domestic and global bullion markets. In India, gold prices rose by Rs 1,899, or nearly 2%, on Tuesday to Rs 99,178 per 10 grams on MCX. In Delhi’s bullion market, 24-carat gold hit Rs 73,350 per 10 grams last Friday, posting a sharp intraday gain of Rs 1,050.
Analysts attribute the rally to heightened geopolitical tensions, particularly in West Asia, and a flight to safe-haven assets following U.S. President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell.Meanwhile, social media continues to revel in Kapoor’s inadvertent financial fame.“If only Shakti’s prophecy turns true, and gold really hits Rs 1 lakh per tola,” joked one user, summing up the online mood.
While economists debate the rally’s sustainability, Shakti Kapoor’s cinematic quip from the late 1980s has delivered a rare moment of levity amid the current market frenzy.
Also read | Last safe haven standing: Why is gold trading like the world is in a depression?
(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t signify the views of The Financial Instances)
