Gold Prices May Touch Rs 1.3 Lakh This Dhanteras, Could Hit Rs 1.5 Lakh by 2026

Mumbai — Gold continues its upward trajectory in 2025, with experts predicting prices could rise to Rs 1.3 lakh per 10 grams this Dhanteras and potentially reach Rs 1.5 lakh by early 2026.

The rally is being fueled by global economic uncertainty, robust central bank buying, and expectations of interest rate cuts, which are sustaining strong investor demand for the yellow metal.

“Strong central bank and ETF purchases, even at record levels, along with declining confidence in fiat currencies amid anticipated rate cuts, will keep gold prices elevated,” market analysts said.

On the Multi Commodity Exchange (MCX), December gold contracts recently touched Rs 1,22,284 per 10 grams. Analysts attribute the surge to geopolitical tensions, global economic volatility, and rising hopes of US Federal Reserve rate cuts.

“A weaker US dollar has made gold more affordable for investors holding other currencies, further supporting demand,” they noted.

On Monday, gold and silver prices continued to rise amid growing US-China trade tensions. Early trades saw MCX Gold December futures up 1.62% at Rs 1,23,313 per 10 grams, while MCX Silver December futures rose 3.44% to Rs 1,51,577 per kg.

Globally, spot gold hit a record above $4,060 per ounce on Friday, marking its eighth consecutive weekly gain, while silver climbed 1.1% to approach $51 per ounce.

The surge comes as the US and China exchanged sharp words over trade tariffs. On Sunday, China urged the US to stop threatening new tariffs and return to negotiations, warning of retaliation if new measures were imposed. Over the weekend, US President Donald Trump, who had previously threatened 100% tariffs on Chinese goods, appeared to soften his stance in recent remarks.

With inputs from IANS