Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The gold market has been a topic of interest for many investors and traders in recent times, with prices reaching new heights in 2025. According to Pranav Mer, Vice President of JM Financial Services, gold prices are expected to continue their upward trend in 2026, potentially reaching ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX). 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.
While the predicted price range of ₹1.50-₹1.55 lakh per 10 gram may seem ambitious, it’s essential to consider the factors that could contribute to this surge. The global economic landscape, monetary policies, and investor sentiment are just a few of the key factors that can impact gold prices. In recent years, gold has been seen as a safe-haven asset, attracting investors during times of economic uncertainty.
Mer, however, cautioned that the staggering returns seen in 2025 are not expected to repeat in 2026. This means that investors should not expect the same level of growth in gold prices next year. Instead, a more moderate increase is anticipated, with prices potentially reaching the predicted range of ₹1.50-₹1.55 lakh per 10 gram.
The gold market is known for its volatility, and various factors can influence prices. The US Federal Reserve’s monetary policy decisions, for instance, can have a significant impact on gold prices. When interest rates are low, gold becomes a more attractive investment option, leading to higher demand and, subsequently, higher prices. On the other hand, when interest rates rise, the appeal of gold diminishes, causing prices to drop.
In addition to monetary policy, global economic trends and geopolitical events can also affect gold prices. During times of economic uncertainty or instability, investors often turn to gold as a safe-haven asset, driving up demand and prices. Conversely, when the economy is performing well, and investor confidence is high, the demand for gold may decrease, leading to lower prices.
The prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 is not isolated to gold alone. Silver prices are also expected to rise, with some predictions suggesting that they could reach ₹2.75 lakh per kilogram. This anticipated increase in silver prices is likely to be driven by the same factors that are expected to influence gold prices, including global economic trends, monetary policy, and investor sentiment.
For investors considering adding gold to their portfolio, it’s essential to keep in mind that the predicted price range of ₹1.50-₹1.55 lakh per 10 gram is subject to various market and economic factors. While gold has historically been a stable investment option, its prices can be volatile, and there are no guarantees of returns.
In conclusion, the prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 is an interesting development for investors and traders. While the anticipated increase in gold prices is moderate compared to the staggering returns seen in 2025, it’s essential to consider the various factors that can influence the gold market. As with any investment, it’s crucial to do your research, set clear goals, and diversify your portfolio to minimize risk.
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