Gold may jump to ₹1.55 lakh per 10 gram in 2026: JM Financial VP
The gold market has been witnessing a significant surge in recent times, with prices touching new highs. According to Pranav Mer, Vice President at JM Financial Services, gold prices could further escalate to ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX) in 2026. This prediction comes after gold futures reached an all-time high of ₹1.40 lakh per 10 gram before closing at ₹1.39 lakh on Friday on the MCX.
While the anticipated growth in gold prices is substantial, Mer cautioned that the returns in 2026 may not be as staggering as those witnessed in 2025. The gold market has been driven by various factors, including geopolitical tensions, economic uncertainty, and inflation concerns. These factors have contributed to the increase in gold prices, making it an attractive investment option for many.
The prediction of gold prices reaching ₹1.50-₹1.55 lakh per 10 gram in 2026 is based on the assumption that the underlying factors driving the gold market will continue to persist. The ongoing geopolitical tensions, particularly between the US and other major economies, are expected to keep gold prices elevated. Additionally, the concerns surrounding inflation and economic growth are likely to persist, making gold a safe-haven asset for investors.
Mer’s prediction is also supported by the fact that gold has historically performed well during times of economic uncertainty. The precious metal has been a traditional store of value and a hedge against inflation, making it an attractive investment option during periods of high inflation or economic instability.
The gold market is also expected to be influenced by the actions of central banks, particularly the US Federal Reserve. The Fed’s monetary policy decisions will have a significant impact on gold prices, as changes in interest rates can affect the attractiveness of gold as an investment option. A dovish stance by the Fed could lead to higher gold prices, while a hawkish stance could lead to lower prices.
In addition to gold, silver prices are also expected to surge in 2026. According to Mer, silver prices could reach ₹2.75 lakh per kilogram on the MCX. The silver market is closely tied to the gold market, and the price movements of the two metals are often correlated. The anticipated growth in silver prices is driven by the same factors that are driving gold prices, including geopolitical tensions and economic uncertainty.
The predictions made by Mer are significant, as they provide insights into the potential direction of the gold and silver markets in 2026. While the anticipated growth in prices is substantial, it is essential to note that the markets are subject to various factors and can be volatile. Investors should exercise caution and conduct thorough research before making any investment decisions.
In conclusion, the gold market is expected to witness significant growth in 2026, with prices potentially reaching ₹1.50-₹1.55 lakh per 10 gram on the MCX. The anticipated growth in gold prices is driven by various factors, including geopolitical tensions, economic uncertainty, and inflation concerns. While the returns in 2026 may not be as staggering as those witnessed in 2025, gold is expected to remain an attractive investment option for many. As with any investment, it is essential to exercise caution and conduct thorough research before making any decisions.
About the Author
