Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The gold market has been on a tear in recent years, with prices soaring to new heights. According to Pranav Mer, Vice President at JM Financial Services, gold prices could continue their upward trajectory, potentially reaching ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX) in 2026. This would represent a significant increase from the current prices, which have already touched an all-time high of ₹1.40 lakh per 10 gram before ending at ₹1.39 lakh on Friday on the MCX.
While the prospects of gold prices surging to new heights are certainly exciting for investors, Mer cautioned that the returns in 2026 may not be as staggering as those seen in 2025. Nevertheless, the potential for gold prices to reach ₹1.55 lakh per 10 gram is a tantalizing one, and investors will undoubtedly be keeping a close eye on the market in the coming year.
So, what factors are driving the expected increase in gold prices? One key factor is the ongoing uncertainty in the global economy, which has led to increased demand for safe-haven assets like gold. As investors seek to diversify their portfolios and protect their wealth from market volatility, gold has become an attractive option. Additionally, central banks have been buying up gold reserves, which has helped to drive up prices.
Another factor that could contribute to higher gold prices is the expected slowdown in interest rate hikes by the US Federal Reserve. When interest rates are low, gold becomes a more attractive investment option, as the opportunity cost of holding gold is lower. With the Fed expected to slow down its pace of interest rate hikes, gold prices could benefit from increased demand.
In addition to gold, silver prices are also expected to rise, with Mer predicting that they could reach ₹2.75 lakh per kilogram. This would represent a significant increase from current prices, and investors who are looking to diversify their portfolios may want to consider adding silver to their mix.
It’s worth noting that the gold and silver markets are highly volatile, and prices can fluctuate rapidly in response to changing market conditions. As such, investors should approach these markets with caution and do their own research before making any investment decisions.
In terms of the outlook for 2026, Mer’s prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram is certainly bullish. However, it’s worth considering the potential risks and challenges that could impact the gold market in the coming year. These include the potential for interest rate hikes, changes in global economic conditions, and fluctuations in demand for gold and other precious metals.
Despite these risks, many investors remain optimistic about the prospects for gold and other precious metals in 2026. With the global economy continuing to evolve and uncertainty remaining high, the demand for safe-haven assets like gold is likely to remain strong. As such, investors who are looking to diversify their portfolios and protect their wealth may want to consider adding gold and other precious metals to their mix.
In conclusion, the prediction by Pranav Mer that gold prices could reach ₹1.50-₹1.55 lakh per 10 gram in 2026 is a significant one, and investors will undoubtedly be watching the market closely in the coming year. While there are risks and challenges that could impact the gold market, the ongoing uncertainty in the global economy and the expected slowdown in interest rate hikes could help to drive up prices. As always, investors should approach the market with caution and do their own research before making any investment decisions.
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