Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The gold market has been on a tear in recent years, with prices skyrocketing to new heights. According to Pranav Mer, Vice President at JM Financial Services, gold prices could surge even further in 2026, potentially reaching ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX). This prediction comes on the heels of gold futures touching an all-time high of ₹1.40 lakh per 10 gram before ending at ₹1.39 lakh on Friday on the MCX.
While Mer’s forecast may seem bullish, he tempered expectations by noting that the returns in 2026 are unlikely to be as staggering as those seen in 2025. The gold market has been driven by a combination of factors, including a weak US dollar, rising inflation, and geopolitical tensions. As investors seek safe-haven assets, gold has been a prime beneficiary, with its price rising steadily over the past year.
The predicted price surge in 2026 is attributed to several factors, including the ongoing monetary policy tightening by central banks, particularly the US Federal Reserve. The Fed’s decision to raise interest rates has led to a stronger US dollar, which has, in turn, put downward pressure on gold prices. However, Mer believes that the Fed’s hawkish stance will eventually give way to a more dovish approach, leading to a decline in the US dollar and a subsequent increase in gold prices.
Another factor that could contribute to the predicted price surge is the ongoing geopolitical tensions between major world powers. The conflict between Russia and Ukraine, as well as the rising tensions between the US and China, have created a sense of uncertainty and instability in the global economy. As investors seek safe-haven assets, gold is likely to benefit, driving up its price.
In addition to the predicted surge in gold prices, Mer also forecasted a rise in silver prices. He expects silver to reach ₹2.75 lakh per kilogram in 2026, driven by the same factors that are expected to drive up gold prices. The silver market is often closely tied to the gold market, and as gold prices rise, silver prices tend to follow suit.
The predicted price surge in gold and silver has significant implications for investors. Those who are looking to invest in these precious metals may want to consider doing so sooner rather than later, as prices are expected to rise significantly in the coming year. However, it’s essential to keep in mind that the gold and silver markets can be volatile, and prices can fluctuate rapidly.
For those who are already invested in gold or silver, the predicted price surge is likely to be welcome news. As prices rise, the value of their investments will increase, providing a potential windfall. However, it’s crucial to remember that the gold and silver markets can be unpredictable, and prices can drop as quickly as they rise.
In conclusion, the predicted surge in gold prices to ₹1.50-₹1.55 lakh per 10 gram in 2026 is a significant development that could have far-reaching implications for investors. While the returns in 2026 are unlikely to be as staggering as those seen in 2025, the predicted price surge is still a bullish sign for the gold market. As investors seek safe-haven assets, gold is likely to continue to benefit, driving up its price.
The predicted rise in silver prices to ₹2.75 lakh per kilogram is also a significant development that could provide a potential windfall for investors. As the gold and silver markets continue to evolve, it’s essential to stay informed and up-to-date on the latest developments.
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