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 heights and offering 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 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 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 MCX is one of the largest commodity exchanges in India, and the price of gold on this platform is considered a benchmark for the entire country. The fact that gold prices have already reached an all-time high on the MCX is a clear indication of the strong demand for the metal in the country.
However, Pranav Mer also cautioned that the returns on gold investment in 2026 may not be as high as they were in 2025. The year 2025 has been exceptional for gold investors, with the metal offering returns that are significantly higher than other asset classes. However, the VP of JM Financial Services believes that the market may not be able to replicate the same level of returns in the next year.
There are several factors that could contribute to the expected surge in gold prices in 2026. One of the primary factors is the expected slowdown in the global economy. As the economy slows down, investors tend to move towards safer assets such as gold, which is considered a hedge against inflation and economic uncertainty. Additionally, the ongoing geopolitical tensions and the rising concerns about climate change could also drive up the demand for gold, leading to higher prices.
Another factor that could influence gold prices in 2026 is the monetary policy of central banks around the world. The US Federal Reserve, in particular, has a significant impact on gold prices, as the dollar is the global reserve currency. If the Fed decides to keep interest rates low or cut them further, it could lead to a surge in gold prices, as lower interest rates make gold a more attractive investment option.
The Indian government’s policies could also play a crucial role in determining gold prices in 2026. The government has been trying to reduce the country’s dependence on gold imports, and has introduced several measures to promote gold recycling and domestic gold mining. If these measures are successful, it could lead to a reduction in gold imports, which could, in turn, drive up prices.
In addition to gold, silver prices are also expected to rise in 2026. According to Pranav Mer, silver prices could touch ₹2.75 lakh per kilogram on the MCX in the next year. Silver is often considered a more volatile metal than gold, and its prices can fluctuate rapidly in response to changes in demand and supply. However, the expected surge in silver prices is a clear indication of the strong demand for the metal, particularly from the industrial sector.
In conclusion, the prediction by Pranav Mer, VP of JM Financial Services, that gold prices could surge to ₹1.50-₹1.55 lakh per 10 gram on the MCX in 2026 is based on several factors, including the expected slowdown in the global economy, ongoing geopolitical tensions, and the monetary policy of central banks. While the returns on gold investment in 2026 may not be as high as they were in 2025, the metal is still expected to offer attractive returns, making it a popular investment option for those looking to diversify their portfolios.
As we look to the future, it will be interesting to see how gold prices move in response to the various factors that influence them. One thing is certain, however – gold remains a popular investment option, and its prices will continue to be watched closely by investors around the world.
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