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 increase to ₹1.50-₹1.55 lakh per 10 gram on the Multi Commodity Exchange (MCX) in 2026. However, he cautioned that the staggering returns seen in 2025 are not expected to repeat next year.
Gold futures on the MCX have been on a roll, touching an all-time high of ₹1.40 lakh per 10 gram before ending at ₹1.39 lakh on Friday. This significant increase in gold prices has been driven by various factors, including a weak US dollar, rising inflation, and geopolitical tensions. The precious metal has traditionally been seen as a safe-haven asset, and investors have been flocking to it in times of uncertainty.
The prediction by Pranav Mer suggests that gold prices are likely to continue their upward trend in 2026, albeit at a slower pace. The expected range of ₹1.50-₹1.55 lakh per 10 gram represents a significant increase from the current levels, and investors who are looking to diversify their portfolios may want to consider adding gold to their mix.
However, it’s essential to note that the gold market can be volatile, and prices can fluctuate rapidly in response to changing market conditions. The US Federal Reserve’s monetary policy decisions, inflation rates, and geopolitical events can all impact gold prices. Therefore, investors should exercise caution and do their own research before making any investment decisions.
In addition to gold, silver prices are also expected to rise in 2026. According to Pranav Mer, silver prices could surge to ₹2.75 lakh per kilogram, driven by increasing demand from the industrial sector. The white metal is used in a variety of applications, including solar panels, electronics, and automobiles, and its demand is expected to remain strong in the coming year.
The expected increase in gold and silver prices is likely to have a significant impact on the Indian market, where both metals are widely used in jewelry and other applications. The rise in prices could lead to an increase in demand for other precious metals, such as platinum and palladium, which are used in catalytic converters and other industrial applications.
In conclusion, the prediction by Pranav Mer suggests that gold prices are likely to continue their upward trend in 2026, driven by a combination of factors, including a weak US dollar, rising inflation, and geopolitical tensions. While the expected returns may not be as staggering as those seen in 2025, investors who are looking to diversify their portfolios may want to consider adding gold to their mix. However, it’s essential to exercise caution and do your own research before making any investment decisions.
As the gold market continues to evolve, it’s likely that we’ll see more volatility in the coming year. Investors should stay informed about market trends and be prepared to adapt to changing conditions. With the expected increase in gold and silver prices, it’s an exciting time for investors who are looking to capitalize on the growth of the precious metals market.
The gold market is constantly changing, and it’s essential to stay up-to-date with the latest news and trends. Whether you’re a seasoned investor or just starting out, it’s crucial to do your own research and consider your own risk tolerance before making any investment decisions.
In the coming year, we can expect to see more developments in the gold market, driven by a combination of economic and geopolitical factors. As the market continues to evolve, it’s likely that we’ll see more opportunities for investors to capitalize on the growth of the precious metals market.
For now, it’s clear that gold is likely to remain a popular investment option in 2026, driven by its traditional status as a safe-haven asset. With the expected increase in prices, investors who are looking to diversify their portfolios may want to consider adding gold to their mix.
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