Gold Price Target 2025: Goldman Sachs Predicts ₹1.5 Lakh per 10 Grams by Next Year—Buy, Hold, or Sell?

By Siddhi Jain | Oct 7, 2025, 18:55 IST

The shine of gold isn’t fading anytime soon. According to Goldman Sachs, global gold prices are expected to hit $4,900 per ounce by December 2026, a sharp revision from its earlier target of $4,300. If this prediction holds true, India’s gold prices could cross ₹1.5 lakh per 10 grams—marking a massive 24% surge from current levels.

With gold already witnessing an impressive rally, investors are now wondering: Is this the right time to buy, hold, or book profits? Let’s break down the reasons behind the bullish outlook and what experts recommend for investors.

Gold Prices Continue to Soar Globally

On October 7, spot gold climbed 0.1% to $3,962.63 per ounce, after touching an intraday high of $3,977.19. U.S. gold futures also rose 0.2% to $3,985.30 per ounce, reflecting strong investor demand amid economic uncertainty.

In India, however, gold futures on the Multi Commodity Exchange (MCX) were slightly weak, trading at ₹1,20,196 per 10 grams, down 0.04% or ₹53 at 1:25 PM. Despite this minor dip, the long-term outlook remains firmly positive.

Why Gold Is Expected to Rally Further

Several macroeconomic and geopolitical factors are driving the renewed surge in gold:

U.S. Government Shutdown: Ongoing fiscal concerns in the U.S. have increased demand for safe-haven assets like gold.
Rate Cut Expectations: Analysts expect the Federal Reserve to reduce interest rates by 25 basis points in both October and December, making non-yielding assets like gold more attractive.
Weakening Dollar: A softening U.S. dollar typically boosts gold prices as it becomes cheaper for investors using other currencies.
Central Bank Buying: Global central banks, including China’s, continue to increase gold reserves. The People’s Bank of China expanded its holdings for the 11th consecutive month in September.
ETF Inflows: Rising investments in Gold ETFs show growing investor confidence in the metal’s potential.

All these factors combined have already pushed gold up more than 50% this year, and experts believe the rally is far from over.

Goldman Sachs’ Revised Target: $4,900 per Ounce

Goldman Sachs’ latest report projects gold reaching $4,900 per ounce by December 2026—a significant upgrade reflecting strong fundamentals and sustained demand. This translates to nearly ₹1.5 lakh per 10 grams in India, compared to the current ₹1.2 lakh levels.

The report attributes this rise to continued central bank purchases, ETF inflows, and geopolitical tensions, which are encouraging retail investors to treat gold as a safer long-term asset.

What Should Investors Do Now?

Financial experts advise a balanced and disciplined approach depending on your investment goals:

💰 If you don’t have gold in your portfolio: Start investing now. Experts recommend allocating 5–10% of your portfolio to gold as a hedge against inflation and market volatility.
🪙 If you already invest in gold: Continue holding your positions. The long-term trend remains bullish, and increasing exposure gradually through Systematic Investment Plans (SIPs) in Gold ETFs or mutual funds can be beneficial.
📈 For new investors: Those without a demat account can opt for Gold Mutual Funds or Sovereign Gold Bonds (SGBs) as safer and more convenient alternatives to physical gold.

Is It Time for Profit Booking?

Experts caution against selling gold now unless you urgently need funds. The metal’s long-term prospects remain bright, and selling prematurely could mean missing out on future gains.

If you do sell to book profits, they recommend buying again during price dips to maintain your portfolio’s original gold allocation. This “buy on dips” strategy helps average out costs and ensures long-term wealth protection.

Bottom Line

Gold continues to glitter as global uncertainties push investors toward safe-haven assets. With Goldman Sachs forecasting a 24% jump and predicting gold prices above ₹1.5 lakh per 10 grams by next year, the outlook remains solidly bullish.

For Indian investors, the message is clear: hold your gold, stay invested, and use market corrections to accumulate more. Whether in physical form or through ETFs, gold remains one of the most reliable shields against inflation, volatility, and global economic turmoil.