Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The gold market has been a topic of interest for investors and traders alike, with prices reaching new heights in recent times. 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 predicted price surge is significant, Mer cautioned that staggering returns like those seen in 2025 are not expected next year. The gold market is known for its volatility, and various factors can influence its price. In recent times, the price of gold has been driven by a combination of factors, including inflation, interest rates, and geopolitical tensions.
The Federal Reserve’s monetary policy decisions have also played a crucial role in shaping the gold market. The Fed’s decision to raise or lower interest rates can have a significant impact on the price of gold. When interest rates are low, gold becomes a more attractive investment option, leading to higher prices. On the other hand, when interest rates are high, gold becomes less attractive, leading to lower prices.
In addition to interest rates, inflation is another key factor that can influence the price of gold. When inflation is high, gold is often seen as a hedge against inflation, leading to higher prices. The current inflationary environment, coupled with the ongoing geopolitical tensions, has created a perfect storm for gold prices to rise.
The prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 is based on various factors, including the expected monetary policy decisions by the Federal Reserve. The Fed’s minutes, which are scheduled to be released next, will provide valuable insights into the central bank’s thinking on interest rates and inflation.
While the predicted price surge is significant, it is essential to note that the gold market is subject to various risks and uncertainties. Investors and traders should exercise caution and conduct thorough research before making any investment decisions.
In addition to gold, silver prices are also expected to rise in 2026. According to Mer, silver prices could reach ₹2.75 lakh per kilogram. The silver market is closely linked to the gold market, and any changes in gold prices can have a significant impact on silver prices.
The expected surge in gold and silver prices is good news for investors who have been holding onto these precious metals. However, for those looking to invest in gold or silver, it is essential to consider the risks and uncertainties associated with these investments.
In conclusion, the prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 is based on various factors, including the expected monetary policy decisions by the Federal Reserve. While the predicted price surge is significant, it is essential to exercise caution and conduct thorough research before making any investment decisions.
As the gold market continues to evolve, it is essential to stay up-to-date with the latest news and developments. The Fed’s minutes, which are scheduled to be released next, will provide valuable insights into the central bank’s thinking on interest rates and inflation.
For now, investors and traders will have to wait and see how the gold market unfolds in 2026. One thing is certain, however – the gold market will continue to be a topic of interest for investors and traders alike.
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