New Delhi, Sept. 22 -- The precious yellow metal has been sustaining above Rs.1,50,000 per 10 gm, forming a strong base around Rs.1,42,000 and Rs.1,35,000 per 10 gm. According to market experts, the gold price in India is expected to see significant upside due to the fast-approaching festival season, which is fueling demand for physical gold. They said that geopolitical tensions, physical demand, and uncertainty in global merchandise markets due to uncertainty around crude supply are important factors expected to fuel gold prices worldwide. However, Jefferies' financial analyst Chris Wood is highly bullish on gold. He believes that gold prices may reach $10,000 per ounce in the long term.

On why gold prices would touch $10,000 per ounce ...