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. The surge in gold prices can be attributed to various factors, including a weak US dollar, rising inflation, and geopolitical tensions. The precious metal has traditionally been seen as a safe-haven asset, and investors have been flocking to it in times of uncertainty.
Mer, however, added that the returns on gold in 2026 are not expected to be as high as they were in 2025. The gold market is expected to be more stable next year, with prices moving in a range-bound manner. This means that investors should not expect the same level of returns as they did in 2025, but rather a more moderate growth in gold prices.
The prediction of gold prices touching ₹1.50-₹1.55 lakh per 10 gram in 2026 is based on various factors, including the expected trend in the US dollar, inflation, and interest rates. A weak US dollar and rising inflation are likely to support gold prices, while higher interest rates could put a damper on the market.
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 on the MCX next year. This is based on the expected trend in industrial demand for the metal, as well as the outlook for the US dollar and inflation.
The surge in gold and silver prices is likely to be driven by a combination of factors, including a weak US dollar, rising inflation, and geopolitical tensions. The US Federal Reserve’s monetary policy decisions will also play a crucial role in determining the trend in gold and silver prices.
The Fed’s decision to raise or cut interest rates will have a significant impact on the US dollar, which in turn will affect gold and silver prices. A weak US dollar and rising inflation are likely to support gold and silver prices, while higher interest rates could put a damper on the market.
In conclusion, gold prices are expected to surge to ₹1.50-₹1.55 lakh per 10 gram on the MCX in 2026, according to JM Financial Services VP Pranav Mer. While the returns on gold in 2026 are not expected to be as high as they were in 2025, the precious metal is still expected to provide moderate growth. Silver prices are also expected to rise in 2026, touching ₹2.75 lakh per kilogram on the MCX.
As we approach the end of 2025, investors are advised to keep a close eye on the trend in gold and silver prices. The precious metals are expected to be volatile in the coming months, and investors should be prepared for any eventuality.
Investors who are looking to invest in gold and silver should do their research and consult with a financial advisor before making any investment decisions. It is also important to diversify one’s portfolio and not put all one’s eggs in one basket.
In the end, the trend in gold and silver prices will depend on a variety of factors, including the US dollar, inflation, interest rates, and geopolitical tensions. Investors should stay informed and adapt to changing market conditions to maximize their returns.
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