Axis Securities has made a bullish prediction for gold prices, forecasting that they will reach Rs 1.5 lakh per 10 grams by Diwali 2026. This projection is based on various factors, including the current economic trends, geopolitical tensions, and the historical performance of gold as a safe-haven asset.
According to Axis Securities, gold has been a consistent performer in the past, and its value tends to appreciate during times of economic uncertainty. The current global economic scenario, marked by rising inflation, interest rate hikes, and geopolitical tensions, is expected to drive investors towards safe-haven assets like gold.
The brokerage firm also notes that the Indian government’s efforts to promote gold as an investment option, such as the introduction of gold exchange-traded funds (ETFs) and sovereign gold bonds, are likely to boost demand for the precious metal. Additionally, the increasing acceptance of gold as a hedge against inflation and currency fluctuations is expected to drive up prices.
Axis Securities also points out that the festival season in India, which includes Diwali, tends to see a surge in gold demand due to the traditional practice of buying gold during this period. This, combined with the expected increase in demand from investors, is likely to drive up prices.
The forecast of Rs 1.5 lakh per 10 grams by Diwali 2026 represents a significant increase from the current prices. As of now, gold prices in India are hovering around Rs 60,000-70,000 per 10 grams. The predicted increase would be a gain of over 100% in the next two years, making gold a lucrative investment option for those who are willing to hold on to it for the long term.
However, it’s essential to note that gold prices are subject to various market and economic factors and can be volatile. Investors should exercise caution and do their own research before making any investment decisions. Axis Securities’ forecast is based on its analysis of current trends and market conditions, but actual prices may vary depending on various factors, including global economic trends, central bank policies, and geopolitical events.