Gold prices may hit Rs 1.3 lakh this Dhanteras, Rs 1.5 lakh by 2026, say experts
text_fields
Mumbai: Gold’s record-breaking rally is expected to continue through 2025, with analysts predicting prices could touch Rs 1.3 lakh per 10 grams this Dhanteras and rise further to Rs 1.5 lakh by early 2026.
The surge is being fueled by global economic uncertainty, sustained central bank purchases, and expectations of interest rate cuts that are keeping investor sentiment bullish.
“Strong central bank and ETF buying, even at record prices, along with declining trust in fiat currencies amid upcoming rate cuts, will keep gold prices elevated,” market experts said.
On the Multi Commodity Exchange (MCX), gold for December delivery has already reached Rs 1,22,284 per 10 grams this week. Analysts said the ongoing rally is underpinned by global instability, geopolitical tensions, and growing anticipation of rate reductions by the US Federal Reserve.
They added that a weaker US dollar has made gold more attractive to investors holding other currencies, boosting overall demand.
During early trade on Monday, MCX Gold December futures rose 1.62 per cent to Rs 1,23,313 per 10 grams, while MCX Silver December futures jumped 3.44 per cent to Rs 1,51,577 per kg.
In the international market, spot gold hit a new record above $4,060 per ounce on Friday, its eighth consecutive weekly gain, while silver climbed 1.1 per cent to approach $51 per ounce.
The latest spike follows renewed tensions between the US and China over trade tariffs. On Sunday, Beijing urged Washington to halt tariff threats and resume negotiations, warning of retaliation if new duties were imposed. US President Donald Trump, who had earlier threatened 100 per cent tariffs on Chinese goods, appeared to soften his stance in his recent comments.