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 on the Multi Commodity Exchange (MCX). As the year comes to a close, market experts are now looking ahead to 2026, predicting a continued upward trend in gold prices. 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 MCX in 2026. However, he added that staggering returns like 2025 are not expected next year.
Gold futures have been on a tear in recent times, touching an all-time high of ₹1.40 lakh per 10 gram before ending at ₹1.39 lakh on Friday on the MCX. This upward trend is expected to continue in 2026, driven by a combination of factors including a weak US dollar, rising inflation, and geopolitical tensions. The Federal Reserve’s monetary policy decisions, particularly the upcoming Fed minutes, will also play a crucial role in determining the trajectory of gold prices in the coming year.
Mer’s prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 is based on a careful analysis of market trends and economic indicators. He believes that the current economic environment, characterized by high inflation and a slowing global economy, is conducive to a rise in gold prices. Additionally, the ongoing geopolitical tensions and the potential for further escalation could lead to increased demand for safe-haven assets like gold, driving up prices.
While the prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 is certainly bullish, Mer cautioned that investors should not expect the same level of returns as in 2025. The year 2025 has been an exceptional one for gold investors, with the precious metal delivering impressive returns. However, the market is expected to normalize in 2026, with returns likely to be more modest.
In addition to gold, Mer also predicted a rise in silver prices in 2026. He expects silver to touch ₹2.75 lakh per kilogram on the MCX, driven by a combination of factors including a rise in industrial demand and a weak US dollar. The silver market is closely tied to the gold market, and any increase in gold prices is likely to have a positive impact on silver prices as well.
The prediction of a rise in gold and silver prices in 2026 is not unique to Mer. Many market experts believe that the current economic environment, characterized by high inflation and a slowing global economy, is conducive to a rise in precious metal prices. The ongoing geopolitical tensions and the potential for further escalation could also lead to increased demand for safe-haven assets like gold and silver, driving up prices.
For investors looking to invest in gold or silver in 2026, Mer’s prediction is certainly bullish. However, it is essential to approach the market with caution and to carefully consider the potential risks and rewards. The precious metal market can be volatile, and prices can fluctuate rapidly in response to changes in market sentiment and economic indicators.
In conclusion, the prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 by JM Financial Services VP Pranav Mer is certainly bullish. While the year 2025 has been an exceptional one for gold investors, the market is expected to normalize in 2026, with returns likely to be more modest. Investors looking to invest in gold or silver in 2026 should approach the market with caution and carefully consider the potential risks and rewards.
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