New Delhi, Oct. 18 -- Gold prices are expected to hit the record level of Rs 1.50 lakh per 10-gram level in coming months as it is showing unprecedented momentum in the global and domestic markets bolstered by the central bank purchases and strong public demand, particularly in China and Japan, according to Anantha Padmanaban, founder member and former chairman of the All India Gem & Jewellery Domestic Council (GJC).

"The best I can see is around Rs 1.50 lakh per 10 grams is what I expect unless and until there is a correction nearby," Padmanaban told ANI in an exclusive interaction on Friday, adding that this level could be reached in the coming months if trade talks between China and America fail and the Russia-Ukraine conflict continu...