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 reaching new heights 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 even higher in 2026, potentially reaching ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX). This would represent a significant increase from the current prices, which have already reached record levels.
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. This upward trend is expected to continue, driven by a combination of factors including a weaker US dollar, rising inflation, and ongoing geopolitical tensions. As investors seek to diversify their portfolios and hedge against potential risks, gold is likely to remain a popular choice, driving up demand and prices.
However, Mer cautioned that investors should not expect the same level of returns in 2026 as they saw in 2025. While gold prices are likely to continue rising, the pace of growth may slow down, and investors should be prepared for more modest gains. This is in line with the overall trend of the gold market, which is known for its volatility and unpredictability.
The expected surge in gold prices is also likely to have a positive impact on the price of silver, which is often closely correlated with gold. Mer predicted that silver prices could reach ₹2.75 lakh per kilogram in 2026, driven by increased demand from industries such as solar and electronics. This would represent a significant increase from current prices, and could provide a lucrative opportunity for investors looking to diversify their portfolios.
The gold market is heavily influenced by global economic trends, and the upcoming Fed minutes are likely to have a significant impact on prices. The US Federal Reserve’s decision on interest rates will be closely watched, as it could affect the value of the US dollar and the attractiveness of gold as an investment. A weaker US dollar would make gold more attractive to investors, driving up demand and prices.
In addition to the Fed minutes, other global economic trends are also likely to impact the gold market in 2026. The ongoing trade tensions between the US and China, as well as the rising tensions in the Middle East, could all contribute to a sense of uncertainty and volatility, driving up demand for gold and other safe-haven assets.
For investors looking to take advantage of the expected surge in gold prices, 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. This can be a lucrative way to invest in gold, but it also carries significant risks, as prices can be highly volatile.
Another option is to invest in gold exchange-traded funds (ETFs), which allow investors to buy and sell gold in a more traditional way. Gold ETFs are listed on stock exchanges and can be bought and sold like any other stock, making them a more accessible option for many investors.
Overall, the outlook for gold in 2026 is positive, with prices expected to surge to new heights. While investors should not expect the same level of returns as they saw in 2025, the expected increase in prices could still provide a lucrative opportunity for those looking to diversify their portfolios. As always, it is essential to do your own research and consult with a financial advisor before making any investment decisions.
In conclusion, the gold market is expected to continue its upward trend in 2026, driven by a combination of factors including a weaker US dollar, rising inflation, and ongoing geopolitical tensions. With prices expected to surge to ₹1.50-₹1.55 lakh per 10 gram, investors who are looking to diversify their portfolios and hedge against potential risks may want to consider investing in gold. However, it is essential to be aware of the potential risks and volatility of the gold market, and to do your own research before making any investment decisions.
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