Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The precious metal market has been abuzz with predictions and trends, and the latest forecast from JM Financial Services VP Pranav Mer has sent ripples through the industry. According to Mer, gold prices could surge to ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX) in 2026. This prediction comes on the heels of a remarkable year for gold, with prices touching an all-time high of ₹1.40 lakh per 10 gram before ending at ₹1.39 lakh on Friday on the MCX.
The anticipated rise in gold prices is attributed to various market and economic factors. Mer, however, cautioned that the returns in 2026 may not be as staggering as those witnessed in 2025. The gold market has been highly volatile, and investors have been keenly watching the trends to make informed decisions. The recent surge in gold prices has been driven by a combination of factors, including geopolitical tensions, economic uncertainty, and a decline in the value of the US dollar.
The US Federal Reserve’s monetary policy decisions have also played a significant role in shaping the gold market. The Fed’s decision to raise interest rates has led to a strengthening of the US dollar, which in turn has impacted gold prices. However, with the Fed expected to slow down its rate-hiking cycle, gold prices are likely to benefit from a weaker dollar.
In addition to the Fed’s decisions, other global economic factors are also expected to influence gold prices in 2026. The ongoing trade tensions between the US and China, the Brexit saga, and the economic slowdown in major economies are all likely to contribute to a rise in gold prices. Investors have been seeking safe-haven assets, and gold has traditionally been a preferred choice during times of uncertainty.
The Indian market, in particular, has been a significant driver of gold demand. The country is one of the largest consumers of gold, and the festive season has seen a surge in demand for the precious metal. The government’s decision to reduce import duties on gold has also contributed to an increase in demand.
While gold prices are expected to rise, Mer’s prediction of ₹1.50-₹1.55 lakh per 10 gram is based on various assumptions and market trends. The actual prices may vary depending on several factors, including global economic conditions, monetary policy decisions, and demand-supply dynamics.
In addition to gold, silver prices are also expected to rise in 2026. According to Mer, silver prices could touch ₹2.75 lakh per kilogram. The silver market has been closely tied to the gold market, and any changes in gold prices are likely to have a corresponding impact on silver prices.
As investors look to diversify their portfolios and seek safe-haven assets, the precious metal market is likely to remain a key focus area. The predictions and trends in the gold and silver markets will be closely watched, and investors will be keenly awaiting the next set of economic data and policy decisions to make informed investment choices.
In conclusion, the prediction of gold prices rising to ₹1.50-₹1.55 lakh per 10 gram in 2026 is based on various market and economic factors. While the returns may not be as staggering as those witnessed in 2025, the gold market is likely to remain a key driver of investor interest. As the global economy navigates through uncertainty and volatility, the precious metal market is expected to remain a preferred choice for investors seeking safe-haven assets.
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