How far can the price of gold go on Dhanteras, when will gold cross the 1.50 lakh level, experts have made these predictions..

Gold prices continue to rise, hitting record highs daily. On October 13th, the price of 24-carat gold reached ₹123,769 in the bullion market. Gold prices have been rising steadily for the past several months, and this upward trend is expected to continue. Commodity market experts predict that prices could reach ₹1.3 lakh per 10 grams this Dhanteras, and by early 2026, the price could reach ₹1.5 lakh.

This surge in gold prices is being driven by global economic uncertainty, strong buying by central banks, and expectations of interest rate cuts, which are fueling demand for gold.

Why are experts predicting a significant rally?
Market experts said, "Even at record gold prices, strong buying by central banks and ETFs will keep gold prices high." Additionally, global economic uncertainty, geopolitical tensions, and growing expectations of interest rate cuts by the US Federal Reserve are also driving gold prices higher. A weak US dollar has made gold more affordable for investors holding other currencies, further boosting demand.

The biggest reason for the rise in gold prices on Monday, October 13th, was the escalating trade war between the US and China. MCX Gold December futures rose 1.62 percent to trade at ₹1,23,313 per 10 grams during early trading, while MCX Silver December futures rose 3.44 percent to ₹1,51,577 per kilogram.

Will the price of gold reach ₹1.50 lakh?
Amid the rise in gold prices, expectations of further increases remain. Ajit Mishra, Senior Vice President, Research, Religare Broking Limited, said, "Gold is unlikely to cross the ₹1,50,000 mark this Dhanteras. However, prices could hover between Rs 1,26,000-1,28,000 per 10 grams in the near future."

Renisha Chainani, Research Head at Augmont, believes that if the current broader trend continues, gold could potentially reach Rs 1.5 lakh per 10 grams by mid-to-late 2026.

Disclaimer: This content has been sourced and edited from NDTV India. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.