Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The year 2025 has been a remarkable one for gold investors, with the precious metal touching new highs and providing staggering returns. However, as we approach the end of the year, investors are eager to know what the future holds for gold prices. According to Pranav Mer, Vice President at JM Financial Services, gold prices could surge to ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX) in 2026.
This prediction comes after gold futures touched an all-time high of ₹1.40 lakh per 10 gram before ending at ₹1.39 lakh on Friday on the MCX. While the returns in 2025 have been impressive, Mer cautioned that similar gains are not expected in the coming year. The gold market is expected to be more stable, with prices increasing steadily rather than skyrocketing.
There are several factors that could contribute to the rise in gold prices in 2026. One of the primary drivers is expected to be the US Federal Reserve’s monetary policy. The Fed’s decision to raise or lower interest rates can have a significant impact on gold prices. If the Fed decides to keep interest rates low, it could lead to a decrease in the value of the US dollar, making gold more attractive to investors.
Another factor that could influence gold prices is the global economic outlook. If the economy experiences a slowdown, investors may turn to gold as a safe-haven asset, driving up demand and prices. Additionally, any geopolitical tensions or uncertainties could also lead to an increase in gold prices.
It’s worth noting that gold is not the only precious metal that is expected to perform well in 2026. Silver prices are also expected to rise, with Mer predicting that they could reach ₹2.75 lakh per kilogram. This is because silver is not only a precious metal but also an industrial metal, with a wide range of applications in industries such as electronics and renewable energy.
For investors who are looking to diversify their portfolios, gold and silver can be attractive options. Both metals have historically performed well during times of economic uncertainty, and they can provide a hedge against inflation and currency fluctuations.
In terms of investment strategies, Mer suggested that investors could consider taking a long-term approach to investing in gold. Rather than trying to time the market or make quick profits, investors could consider buying gold regularly, regardless of the price. This strategy can help to reduce the impact of market volatility and provide a more stable return over the long term.
Overall, while the returns in 2025 have been impressive, the outlook for gold prices in 2026 is still positive. With the potential for interest rates to remain low and the global economy to experience a slowdown, gold could continue to be an attractive asset for investors. However, it’s essential to approach the market with caution and consider a long-term investment strategy to maximize returns.
As we look to the future, it will be interesting to see how gold prices perform in 2026. Will they reach the predicted highs of ₹1.50-₹1.55 lakh per 10 gram? Only time will tell, but one thing is certain – gold will continue to be a popular investment option for those looking to diversify their portfolios and protect their wealth.
In conclusion, the prediction by Pranav Mer, Vice President at JM Financial Services, that gold prices could surge to ₹1.50-₹1.55 lakh per 10 gram in 2026 is an interesting one. While the returns in 2025 have been impressive, it’s essential to approach the market with caution and consider a long-term investment strategy. With the potential for interest rates to remain low and the global economy to experience a slowdown, gold could continue to be an attractive asset for investors.
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