Can gold prices reach the level of Rs 1.5 lakh this Dhanteras?
There are no signs of decline in gold prices. An increase of more than Rs 2300 has been seen in the futures market of the country in the morning. From the futures market of the country to the bullion market of Delhi, an increase of more than 60 percent has been seen in the prices of gold. If we look at the year 2022, the prices of gold have increased by more than 140 percent. Experts say that the way changes are being seen in the global economy and the direction in which the monetary policy is indicating. Gold prices can reach a level on Dhanteras, which no one had thought about. Let us try to understand whether the price of gold can touch the level of Rs 1.5 lakh on this Dhanteras or not. If not then when can this level be visible?
How much will gold cost on Dhanteras?
Vandana Bharti, Head of Commodity Research at SMC Global Securities, said in the Money Control report that despite record high prices, gold and silver prices may remain bullish due to purchases by central banks, strong demand for ETFs, cut in interest rates and fall in the dollar index. He said that this Dhanteras, gold will trade between Rs 1,20,000 to Rs 1,30,000 per 10 grams. He also said that by the beginning of 2026, the price of gold in the country can reach Rs 1,50,000.
On the Multi Commodity Exchange (MCX), gold prices for December contract have already crossed the level of Rs 1.23 lakh per 10 grams. According to Ajit Mishra, Senior Vice President (Research), Religare Broking Limited, this rise has been due to global economic uncertainty, geopolitical tension and increasing expectations of interest rate cuts by the US Federal Reserve. The weak US dollar has made gold more affordable for investors investing in other currencies, which has further boosted demand.
ETF demand strong
Another major factor is the continuous purchasing of gold by central banks around the world. As countries are diversifying their reserves away from the US dollar, official purchases of gold have reached their highest level in decades. Meanwhile, investors are looking for a safe haven amid volatile stock markets and bond yields, which is leading to renewed investment in exchange-traded funds (ETFs). According to the World Gold Council (WGC), there was a net investment of $ 902 million in Indian gold ETFs in September 2025, which is an increase of 285 percent compared to August.
India ranked fourth globally after America, Britain and Switzerland, which contributed significantly to the world’s investment of $17.3 billion. Similarly, according to the data of Association of Mutual Funds in India (AMFI), after small investments in March and April 2025, it reached the highest level of Rs 8,363 crore in September, while in August it was Rs 2,190 crore, showing a growth of 282 percent. The total AUM of Gold ETFs has now crossed Rs 90,000 crore. Augmont’s research head Renisha Chainani said in a media report that if the current macro trend continues, gold can reach Rs 1.5 lakh per 10 grams by mid to late 2026.
Will gold cross Rs 1.5 lakh this Dhanteras?
Optimism about gold remains strong, but experts are not expecting it to cross the Rs 1.5 lakh mark immediately this festive season. According to experts, there is constant concern among investors regarding inflation, due to which their inclination remains towards gold. However, unless there is a major shock like currency crisis or serious geopolitical turmoil, gold is unlikely to cross Rs 1,50,000 this Dhanteras. He is predicting the price to be between Rs 1,26,000-1,28,000 per 10 grams in the near future. Analysts expect the gold boom to continue till 2026. That too when global interest rates started falling and inflation remained stable. Central bank policies, geopolitical risk and currency will remain the main indicators to decide the future direction of gold.