Gold Prices May Rise to Rs1.53 Lakh in 2026: Goldman Sachs, J.P. Morgan Forecast
Gold prices have seen a sharp decline in the past 10 days, dropping by ₹13,000. Currently, 24-carat gold is priced at ₹1,20,000 per 10 grams, while silver stands at ₹1,49,129 per kg. Despite the recent fall, major financial institutions predict a strong rebound in 2026.
According to Goldman Sachs, gold prices could surge to ₹1,53,000 per 10 grams (around $4,900 per ounce) by next year. HSBC projects prices to reach ₹1,44,068, while Morgan Stanley expects gold to touch $4,500 per ounce by mid-2026 due to continued central bank and ETF buying.
However, J.P. Morgan remains cautious, forecasting a modest rise with gold staying around ₹1,25,000 per 10 grams.
Experts suggest that gold prices may increase if global interest rates are cut in 2026, as central banks, including the Bank of America, are likely to ease monetary policy.
Investors are advised to consider buying opportunities if prices stay below ₹1,23,000, as analysts believe the long-term outlook for gold remains positive.
