On Tuesday, gold prices reached an all-time peak, surpassing the ₹1 lakh per 10 grams milestone on the Multi Commodity Exchange (MCX) for the very first time. This historic surge sparked the revival of an old Bollywood video featuring actor Shakti Kapoor, whose unexpected “forecast” of gold’s sharp increase quickly went viral on social media. Both investors and meme enthusiasts celebrated him as a surprisingly accurate financial soothsayer.
Record-Breaking Gold Prices on MCX and Global Markets
The October gold contract on the MCX soared past the landmark ₹1 lakh mark, reaching a record ₹1,00,484 per 10 grams. Meanwhile, the June and August contracts also climbed to new highs, trading at ₹99,178 and ₹99,800, respectively. On the international front, spot gold hit a historic peak of $3,500.05 per ounce before easing slightly. This sharp rise in prices has sparked renewed discussions about where gold is headed next.
Vintage Bollywood Clip Goes Viral
Adding a lighter touch to the situation, a vintage clip from the 1989 movie ‘Guru’ resurfaced online, featuring Shakti Kapoor as a villain. In the memorable scene, Kapoor’s character dramatically predicts gold prices escalating to ₹5,000, ₹10,000, ₹60,000, and finally ₹1 lakh per tola, amusing many viewers and turning the clip into a viral sensation.
Social Media Reacts with Humor
Even though the clip wasn’t precise about the measurements, it resonated strongly with people as gold reached new record prices. On X (formerly Twitter), a user shared the meme and humorously called Kapoor “India’s first economist” because he seemed to have “predicted” gold’s rise well before experts did. Reflecting the lighthearted spirit online, one user joked, “If only Shakti’s prophecy turns true, and gold really hits Rs 1 lakh per tola.”
Shakti Kapoor’s Recent Work
On the work front, Shakti Kapoor was last seen in the 2023 film ‘Animal’, directed by Sandeep Reddy Vanga. In the movie, Kapoor played the role of PK Mishra, a yesteryear gangster and the COO of Swastik Steels Corporation. He had already completed shooting his portions in the earlier schedules of the film. ‘Animal’ features an ensemble cast including Ranbir Kapoor, Anil Kapoor, Bobby Deol, Rashmika Mandanna, and Triptii Dimri.
