Gold price touch 1 lakh 25 thousand in 2026
Gold prices in India are continuously increasing and are expected to be between Rs 99,500 and Rs 110,000 per ten grams by the end of 2025 and between Rs 110,000 and Rs 125,000 by the first half of 2026, ICICI Bank’s financial research group said in a report.
According to the report, if the Indian rupee depreciates further against the US dollar beyond the 87.00-89.00 range we have assumed, then this value could increase further.
Global gold prices have risen by about 33% so far in 2025, supported by the US Federal Reserve’s easing monetary policy and concerns about the US economy. Analysts estimate that global gold prices will be between $3,400-3,600 per ounce by the end of 2025 and between $3,600-3,800 in the first half of 2026. This could rise further if geopolitical tensions increase.
A weak rupee and investment demand played a major role in the rise in gold prices in the domestic market. India’s gold imports increased from $1.8 billion in June to $4.0 billion in July 2025, reflecting strong demand ahead of the festive season. Investment in gold ETFs has also increased.
According to the Association of Mutual Funds of India (AMFI), net inflows of Rs 12.6 billion were recorded in July, double the amount recorded last year. The report warned that if the rupee depreciates further than expected, gold prices could rise further.
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