Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The gold market has been on a roll 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 could surge to ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX) in 2026. This prediction comes on the back of a strong performance by gold in 2025, with 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.
However, Mer added that staggering returns like 2025 are not expected next year. The gold market is expected to be more subdued in 2026, with prices likely to move in a range-bound manner. Despite this, the overall outlook for gold remains positive, with many analysts predicting that the metal will continue to attract investor interest in the coming year.
There are several factors that could contribute to the rise in gold prices in 2026. One of the main drivers is expected to be the weakness in the US dollar. A weaker dollar makes gold more attractive to investors, as it becomes cheaper for buyers using other currencies to purchase the metal. Additionally, a decline in interest rates could also boost gold prices, as lower rates make gold a more attractive investment option compared to other assets.
Another factor that could support gold prices is the ongoing geopolitical tensions around the world. Gold has traditionally been seen as a safe-haven asset, and investors often flock to the metal during times of uncertainty. With tensions between major world powers showing no signs of easing, gold could continue to attract investor interest as a hedge against risk.
In addition to gold, silver is also expected to perform well in 2026. According to Mer, silver prices could rise to ₹2.75 lakh per kilogram on the MCX. This would be a significant increase from current levels, and would be driven by a combination of factors, including a rise in industrial demand and a decrease in supply.
The expected rise in gold and silver prices is good news for investors who have been holding onto the metals in anticipation of a price increase. However, it’s worth noting that the gold market can be volatile, and prices can fluctuate rapidly in response to changing market conditions. As such, investors should be cautious and do their own research before making any investment decisions.
For those looking to invest in gold, there are several options available. One of the most popular ways to invest in gold is through gold futures, which allow investors to buy and sell gold at a fixed price on a specific date in the future. Gold exchange-traded funds (ETFs) are another option, and provide a convenient way for investors to gain exposure to the gold market without having to physically hold the metal.
In conclusion, the outlook for gold in 2026 is positive, with prices expected to rise to ₹1.50-₹1.55 lakh per 10 gram on the MCX. While the returns may not be as staggering as those seen in 2025, the metal is still expected to attract investor interest as a safe-haven asset. With the weakness in the US dollar, decline in interest rates, and ongoing geopolitical tensions all contributing to the rise in gold prices, it’s likely that the metal will continue to be a popular investment option in the coming year.
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