Gold Prices Cross ₹1.53 Lakh: Analysts Predict Stability with Scope for Further Gains

Gold prices in India have recently climbed beyond the ₹1.53 lakh per 10 grams mark, drawing strong attention from investors and market watchers. The latest rally reflects a combination of global economic uncertainty, sustained safe-haven demand, and movements in the US dollar. Despite some profit-booking at higher levels, experts believe the overall trend remains supportive for gold in the near term.

According to market analysts, gold is likely to move within a broad consolidation range rather than witness a sharp fall. Internationally, prices are expected to trade between roughly $4,650 and $5,100 per ounce in the short run. In the Indian market, this translates to a probable range of around ₹1.47 lakh to ₹1.60 lakh per 10 grams. This suggests that while short-term corrections are possible, the downside may remain limited unless there is a major shift in global economic conditions.

Recent dips in prices have been attributed mainly to profit-taking by traders and a stronger US dollar. However, experts view these pullbacks as temporary pauses in an otherwise strong uptrend. Persistent geopolitical tensions, uncertain growth outlooks, and expectations around central bank policies continue to support gold’s appeal as a hedge against volatility and inflation

Looking ahead, several financial institutions remain positive about gold’s longer-term prospects. Some forecasts even indicate the possibility of prices moving higher by mid-2026 if global risks stay elevated and interest rates soften. In such a scenario, gold could test new highs beyond current levels. For investors, analysts recommend a cautious but constructive approach. Instead of chasing prices at peaks, a strategy of buying on declines and booking profits on rallies is considered more suitable.