Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The gold market has been a hot topic of discussion in recent times, with prices fluctuating rapidly due to various global economic factors. According to Pranav Mer, Vice President of JM Financial Services, gold prices are expected to surge to ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX) in 2026. This prediction comes after 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.
Mer’s prediction is based on the current market trends and the expected impact of global economic factors on gold prices. However, he also added that staggering returns like 2025 are not expected next year. This suggests that while gold prices are expected to rise, the rate of growth may not be as rapid as it was in 2025.
The gold market has been influenced by various factors in recent times, including the COVID-19 pandemic, global economic uncertainty, and the actions of central banks. The pandemic led to a surge in gold prices as investors sought safe-haven assets, while global economic uncertainty has continued to support gold prices. The actions of central banks, particularly the US Federal Reserve, have also had a significant impact on gold prices.
The US Federal Reserve’s decision to raise interest rates has had a negative impact on gold prices, as higher interest rates make gold less attractive to investors. However, the Fed’s recent decision to pause interest rate hikes has led to a rally in gold prices. The Fed’s future decisions on interest rates will likely continue to have a significant impact on gold prices.
In addition to the US Federal Reserve’s actions, other global economic factors are also expected to influence gold prices in 2026. The ongoing trade tensions between the US and China, the Brexit negotiations, and the European debt crisis are all expected to contribute to global economic uncertainty, which could support gold prices.
The expected surge in gold prices to ₹1.50-₹1.55 lakh per 10 gram on the MCX in 2026 is also expected to have a positive impact on the silver market. According to Mer, silver prices are expected to rise to ₹2.75 lakh per kilogram. This is due to the close correlation between gold and silver prices, as well as the expected increase in demand for silver from industries such as solar and electronics.
The predicted rise in gold and silver prices is expected to have a significant impact on the Indian market. India is one of the largest consumers of gold in the world, and a rise in gold prices could lead to a decrease in demand. However, the Indian government’s decision to reduce the import duty on gold could help to mitigate the impact of higher gold prices.
In conclusion, the gold market is expected to continue to be volatile in 2026, with prices expected to surge to ₹1.50-₹1.55 lakh per 10 gram on the MCX. While staggering returns like 2025 are not expected next year, the expected rise in gold prices is still significant and could have a positive impact on the silver market. Investors who are looking to invest in gold or silver should carefully consider the current market trends and the expected impact of global economic factors on prices.
As the gold market continues to evolve, it will be important to keep a close eye on the actions of central banks, global economic trends, and other factors that could influence gold prices. With the expected rise in gold prices, investors who are looking to invest in gold or silver should be prepared for a potentially volatile market.
It is also worth noting that investing in gold or silver is not without risks. The prices of these commodities can be volatile, and investors could potentially lose money if the market moves against them. Therefore, it is essential to carefully consider the risks and rewards before investing in gold or silver.
Overall, the predicted rise in gold prices to ₹1.50-₹1.55 lakh per 10 gram on the MCX in 2026 is significant and could have a positive impact on the silver market. Investors who are looking to invest in gold or silver should carefully consider the current market trends and the expected impact of global economic factors on prices.
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