Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The gold market has been abuzz with activity in recent times, with prices reaching new heights. 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 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 the prospect of gold prices reaching ₹1.55 lakh per 10 gram may seem daunting, it’s essential to consider the factors that could drive this growth. Mer notes that the gold market is expected to be influenced by various factors, including the US Federal Reserve’s monetary policy decisions, inflation rates, and the overall state of the global economy.
In 2025, gold prices witnessed a significant surge, with returns that were higher than expected. However, Mer cautions that such staggering returns are not expected to repeat in 2026. The gold market is known for its volatility, and prices can fluctuate rapidly in response to changing market conditions.
Despite this, Mer’s prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 suggests that the precious metal is expected to continue its upward trend. This could be driven by ongoing demand from investors seeking safe-haven assets, as well as central banks looking to diversify their reserves.
The US Federal Reserve’s decision to raise interest rates has had a significant impact on the gold market. Higher interest rates can make gold less attractive to investors, as they can earn higher returns from other assets. However, Mer notes that the Fed’s future decisions will play a crucial role in determining the trajectory of gold prices.
In addition to gold, silver prices are also expected to rise in 2026. Mer predicts that silver could reach ₹2.75 lakh per kilogram, driven by increasing demand from industrial users and investors. The silver market is closely tied to the gold market, and any changes in gold prices can have a corresponding impact on silver prices.
The outlook for gold and silver prices in 2026 is closely tied to the overall state of the global economy. As the world grapples with inflation, recession fears, and geopolitical tensions, investors are seeking safe-haven assets to protect their wealth. Gold and silver have traditionally been seen as safe-haven assets, and their prices are expected to remain buoyant in the face of economic uncertainty.
For investors looking to invest in gold, Mer’s prediction of prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 may seem like a lucrative opportunity. However, it’s essential to approach the gold market with caution, considering the various factors that can influence prices. A well-diversified investment portfolio that includes a mix of assets, including gold, can help investors navigate the complexities of the market.
In conclusion, the gold market is expected to continue its upward trend in 2026, with prices potentially reaching ₹1.50-₹1.55 lakh per 10 gram on the MCX. While the prospects of such high prices may seem exciting, it’s essential to approach the market with caution and consider the various factors that can influence prices. As the global economy continues to evolve, the demand for safe-haven assets like gold is expected to remain strong, driving prices higher.
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