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 prices soaring to unprecedented heights. As the year draws to a close, market experts are now looking ahead to 2026, predicting further gains for the precious metal. According to Pranav Mer, Vice President of 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 forecast 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, Mer also cautioned that investors should not expect the same level of staggering returns in 2026 as they saw in 2025. The previous year’s performance was exceptional, and it is unlikely that gold prices will replicate the same level of growth in the next year. Nevertheless, a potential increase to ₹1.50-₹1.55 lakh per 10 gram would still represent a significant gain for investors, and a testament to gold’s enduring appeal as a safe-haven asset.
On Friday, gold futures touched an all-time high of ₹1.40 lakh per 10 gram before ending at ₹1.39 lakh on the MCX. This price movement is a clear indication of the strong demand for gold, driven by a combination of factors including inflation concerns, geopolitical tensions, and a weakening dollar. As investors continue to seek refuge in gold, prices are likely to remain buoyant, supporting the forecast of ₹1.50-₹1.55 lakh per 10 gram in 2026.
The outlook for silver is also positive, with prices expected to reach ₹2,75,000 per kilogram in 2026. This would represent a significant gain from current levels, and underscores the growing demand for silver as an industrial metal. The increasing use of silver in solar panels, electronics, and other applications is driving up demand, and prices are likely to remain strong as a result.
The Federal Reserve’s monetary policy decisions will also play a crucial role in shaping the gold market in 2026. The release of the Fed minutes will be closely watched by investors, as it will provide valuable insights into the central bank’s thinking on interest rates and inflation. A dovish stance by the Fed could lead to a weakening of the dollar, which would in turn support higher gold prices.
In addition to the Fed’s decisions, other global economic trends will also influence the gold market in 2026. The ongoing trade tensions between the US and China, the Brexit negotiations, and the European Union’s economic outlook will all have an impact on investor sentiment and gold prices. As investors navigate these complex and often unpredictable markets, gold is likely to remain a popular choice as a hedge against uncertainty.
For investors looking to capitalize on the potential gains in gold, there are several options available. One approach is to invest in gold futures or options on the MCX, which provides a platform for buying and selling gold contracts. Alternatively, investors can opt for gold exchange-traded funds (ETFs), which track the price of gold and provide a convenient way to gain exposure to the metal.
In conclusion, the outlook for gold in 2026 is positive, with prices expected to surge to ₹1.50-₹1.55 lakh per 10 gram on the MCX. While the returns may not be as spectacular as those seen in 2025, gold is likely to remain a sought-after asset as investors seek to diversify their portfolios and hedge against uncertainty. As the global economic landscape continues to evolve, gold’s enduring appeal as a safe-haven asset is likely to support higher prices, making it an attractive investment opportunity for those looking to capitalize on the potential gains.
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