Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The gold market has been abuzz with excitement in recent times, with prices touching new highs and investors flocking to the precious metal as a safe-haven asset. According to Pranav Mer, Vice President at JM Financial Services, gold prices are expected to continue their upward trajectory in 2026, potentially reaching ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX). This forecast 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.
Mer’s prediction is based on various market trends and economic indicators, which suggest that gold will continue to be a sought-after asset in the coming year. However, he also cautioned that the returns on gold investment in 2026 may not be as staggering as they were in 2025. This is likely due to the fact that the gold market has already experienced a significant surge in prices, and further gains may be more modest.
The expected rise in gold prices can be attributed to several factors, including the ongoing economic uncertainty, inflation concerns, and the potential for interest rate hikes by central banks. As investors seek to diversify their portfolios and hedge against potential losses, gold is likely to remain a popular choice. Additionally, the precious metal’s limited supply and increasing demand from emerging markets such as India and China are likely to support prices.
It’s worth noting that gold prices have been on a tear in recent times, driven by a combination of factors including a weak US dollar, geopolitical tensions, and concerns about the global economy. The precious metal has traditionally been seen as a safe-haven asset, and investors have been flocking to it in times of uncertainty.
In addition to gold, silver prices are also expected to rise in 2026, with Mer predicting that the metal could reach ₹2.75 lakh per kilogram. This forecast is based on the fact that silver is often seen as a more affordable alternative to gold, and its prices tend to follow the same trends as the yellow metal.
The expected rise in gold and silver prices is likely to have significant implications for investors and consumers alike. For those looking to invest in precious metals, it may be a good idea to consider buying gold or silver now, before prices rise further. On the other hand, consumers who are looking to buy jewelry or other products made from these metals may need to budget for higher prices in the coming year.
In conclusion, the forecast by Pranav Mer of JM Financial Services suggests that gold prices are likely to continue their upward trend in 2026, potentially reaching ₹1.50-₹1.55 lakh per 10 gram on the MCX. While the returns on gold investment may not be as staggering as they were in 2025, the precious metal is likely to remain a popular choice for investors seeking to diversify their portfolios and hedge against potential losses. As always, it’s essential to keep a close eye on market trends and economic indicators to make informed investment decisions.
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