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 reaching unprecedented heights. As the year draws to a close, market experts are now turning their attention to the prospects for 2026. 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 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 outlook for gold in 2026 appears promising, Mer tempered expectations by stating that the staggering returns seen in 2025 are unlikely to be repeated next year. This caution is understandable, given the volatile nature of the commodities market and the various factors that can influence gold prices. Nevertheless, a potential jump to ₹1.55 lakh per 10 gram would still represent a significant increase and a compelling opportunity for investors.
Several factors are likely to contribute to the anticipated rise in gold prices. One key consideration is the performance of the US Federal Reserve, which has been closely watched by market participants in recent months. The release of the Fed minutes, which provides insight into the central bank’s decision-making process, will be closely scrutinized for clues about future monetary policy. Any indication of a dovish stance or a pause in interest rate hikes could boost gold prices, as investors seek safe-haven assets in response to perceived uncertainty or instability.
In addition to the Fed’s actions, other global economic trends and events will also play a role in shaping gold prices in 2026. The ongoing geopolitical tensions, trade disputes, and concerns about inflation and growth could all impact investor sentiment and drive demand for gold as a hedge against uncertainty. Furthermore, any significant developments in the Indian economy, such as changes in government policies or shifts in consumer behavior, could also influence gold prices on the MCX.
It is worth noting that gold is not the only precious metal expected to perform well in 2026. Silver, which has often been overshadowed by its more glamorous counterpart, is also predicted to shine. According to Mer, silver prices could rise to ₹2.75 lakh per kilogram, driven by a combination of industrial demand and investor interest.
For investors considering adding gold or silver to their portfolios, it is essential to approach the market with a clear understanding of the potential risks and rewards. While the anticipated price increases are certainly enticing, it is crucial to maintain a long-term perspective and avoid making impulsive decisions based on short-term market fluctuations.
In conclusion, the outlook for gold in 2026 appears promising, with prices potentially reaching ₹1.55 lakh per 10 gram on the MCX. However, investors should be aware that the market is inherently unpredictable, and various factors can influence gold prices. As always, it is essential to stay informed, conduct thorough research, and consult with financial experts before making any investment decisions.
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