What's gold price future in India? Will it touch ₹1.50 lakh per 10 grams again by December 2026? Experts' view - Livemint

AI desk brief

• Gold traded near ₹138,500/10g on MCX and $3,955/oz internationally. Analysts attributed pressure to hawkish Fed expectations and dollar strength despite crude falling from about $118 to $92/barrel.
• Kotak Neo’s Kaynat Chainwala sees ₹150,000 by December 2026 as achievable, conditional on softer inflation, easing hike expectations and a weaker dollar. A sustained spot breakout above $4,220, backed by a less hawkish Fed and lower real yields, could open ₹149,000–152,000 on MCX.
• Choice Broking’s Kaveri More requires sustained trading above ₹142,800–146,100 with improving buying for recovery; she flags downside below ₹137,300–124,900. Anuj Gupta warns a potential 50bp Fed hike could pressure gold and silver; spot breaking $3,800 could expose $3,400.