Gold Prices in India Could Reach Rs 1.68 Lakh, MOFSL Says - Multibagg AI

AI desk brief

Motilal Oswal Financial Services projects Indian gold at Rs 1.60-1.68 lakh per 10 grams over 6-12 months, conditional on sustained demand and a Rs 96/$ exchange rate; its international forecast is $4,500-4,700/oz. The brokerage identifies investment demand and central-bank purchases as supports, while targeting Rs 1.48 lakh domestically short term. Cited World Gold Council figures show Q3 2026 Indian demand rose 24% quarter-on-quarter to 162 tonnes, including investment demand up 12% to about 60 tonnes. Near-term direction remains mixed: stronger yields and the dollar could restrain gains, while high prices and rural weakness could temper physical demand.