Commodities Up, Up and Away: Gold may hit Rs 70,000, says ICICI Direct; bats for Sovereign Gold Bonds as an investment option Updated : August 13, 2020 01:23 PM IST Gold has risen from Rs 30,000 per 10 gram to currently above Rs 50,000 per 10 gram. ICICI Direct expects significant upsides towards Rs 70,000 from a long term perspective. The brokerage believes Sovereign Gold Bond is a better investment option than physical gold. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.