Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The gold market has been witnessing a significant surge in recent times, with prices touching an all-time high on the Multi Commodity Exchange (MCX). According to Pranav Mer, Vice President at JM Financial Services, gold prices could continue to rise and reach ₹1.50-₹1.55 lakh per 10 gram on the MCX in 2026. However, he cautioned that the returns may not be as staggering as they were in 2025.
Gold futures had touched an all-time high of ₹1.40 lakh per 10 gram before ending at ₹1.39 lakh on Friday on the MCX. This significant increase in gold prices can be attributed to various factors, including a weaker US dollar, rising inflation, and geopolitical tensions. The surge in gold prices has been a boon for investors who had invested in the precious metal, with many reaping substantial returns.
The prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 is based on various market trends and analysis. The US Federal Reserve’s monetary policy decisions, inflation rates, and global economic trends are some of the key factors that will influence gold prices in the coming year. According to Mer, the gold market is expected to remain bullish, driven by a combination of these factors.
One of the primary drivers of gold prices is the US dollar. A weaker US dollar makes gold more attractive to investors, as it becomes cheaper for foreign investors to buy the precious metal. The US dollar index, which measures the value of the US dollar against a basket of other currencies, has been volatile in recent times. Any significant decline in the US dollar index could lead to a surge in gold prices.
Inflation is another key factor that will influence gold prices in 2026. Rising inflation rates erode the purchasing power of consumers, making gold a more attractive investment option. Gold has historically been a hedge against inflation, and any increase in inflation rates could lead to a surge in gold prices.
Geopolitical tensions are also expected to play a significant role in influencing gold prices in 2026. Global conflicts and tensions between nations can lead to a flight to safe-haven assets, such as gold. Any significant escalation in geopolitical tensions could lead to a surge in gold prices, as investors seek to diversify their portfolios and mitigate risks.
While the prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 is promising, Mer cautioned that the returns may not be as staggering as they were in 2025. The gold market is expected to remain volatile, with prices fluctuating based on various market trends and analysis. Investors should be cautious and not expect similar returns in 2026.
In addition to gold, silver prices are also expected to surge in 2026. According to Mer, silver prices could reach ₹2,75,000 per kilogram on the MCX. The surge in silver prices can be attributed to various factors, including a weaker US dollar, rising inflation, and industrial demand.
In conclusion, the gold market is expected to remain bullish in 2026, driven by a combination of factors, including a weaker US dollar, rising inflation, and geopolitical tensions. While the prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram is promising, investors should be cautious and not expect similar returns as in 2025. The silver market is also expected to surge, with prices reaching ₹2,75,000 per kilogram on the MCX.
As the gold market continues to evolve, it is essential for investors to stay informed and up-to-date with the latest market trends and analysis. With the right investment strategy and a thorough understanding of the market, investors can make informed decisions and reap substantial returns.
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