Will Gold Hit Rs 1.75 Lakh? Expert Predicts Record Highs in 2026

Gold, silver price prediction: Will gold hit Rs 1.75 lakh/10 grams in coming sessions?

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Gold on the Brink of History

Gold is making headlines again—and not just for its timeless allure. On January 22, 2026, market watchers are buzzing about a bold new gold price prediction: could the yellow metal hit an unprecedented **Rs 1.75 lakh per 10 grams** in the coming trading sessions? That’s not a typo. If this projection holds, it would mark a historic milestone for Indian investors and jewelers alike.

This isn’t speculative fantasy. The forecast comes from Abhilash Koikkara, Head of Commodity Research at Nuvama Professional Clients Group—a respected voice in India’s financial markets . His analysis suggests that both gold and silver are poised for continued upward momentum, driven by a confluence of global and domestic factors.

What Experts Are Saying

Koikkara’s outlook is clear: “The macro environment remains supportive for precious metals,” he noted in his latest market commentary . He points to sustained institutional buying, geopolitical tensions, and persistent inflation concerns as key tailwinds.

His specific target—**Rs 1.75 lakh per 10 grams**—is based on technical indicators and momentum on the Multi Commodity Exchange (MCX). For context, gold was already trading above Rs 1.68 lakh in early January 2026, meaning the jump to 1.75 lakh is not a distant dream but a near-term possibility if current trends hold.

Historical Context Matters

To appreciate the magnitude of this potential move, consider this: just five years ago, gold traded around Rs 50,000 per 10 grams. The price has more than tripled since then, reflecting not just inflation but a fundamental shift in how investors view gold—as a crisis hedge, a store of value, and even a strategic asset in volatile portfolios.

Key Drivers Behind the Rally

Why is gold soaring? It’s never just one factor. Here’s a breakdown of the main forces pushing prices higher:

  • Geopolitical Uncertainty: Ongoing conflicts in Eastern Europe and the Middle East continue to fuel safe-haven demand.
  • Weak U.S. Dollar Outlook: Expectations of Federal Reserve rate cuts in 2026 have weakened the dollar, making gold cheaper for holders of other currencies.
  • Strong Central Bank Buying: Countries like China, India, and Turkey have been aggressively adding gold to their reserves, reducing reliance on the U.S. dollar .
  • Domestic Demand Surge: In India, wedding season and festival-related buying remain robust, especially with rising disposable incomes in semi-urban and rural areas.
  • Inflation Hedge: With core inflation still above 5% in many major economies, investors are turning to gold as a long-term inflation protector.

Silver in the Shadow of Gold

While all eyes are on gold, silver hasn’t been left behind. Koikkara also expects silver to benefit from the same macro tailwinds—but with added industrial demand from the green energy sector. Solar panel production, electric vehicles, and electronics manufacturing are all driving up silver consumption.

On MCX, silver has been trading above Rs 90,000 per kg, and analysts believe it could test Rs 1 lakh if gold breaks through the Rs 1.75 lakh barrier. Historically, when gold rallies strongly, silver often follows with even greater volatility—offering higher risk but potentially higher rewards.

Should You Buy or Sell Today?

This is the million-dollar (or rather, lakh-rupee) question. Here’s a balanced take:

If You’re a Long-Term Investor

Gold should remain a core part of a diversified portfolio—typically 5–10%. If you’re underweight, consider accumulating on dips. Don’t chase the peak, but don’t wait for a crash that may never come.

If You’re a Short-Term Trader

Watch MCX gold futures closely. Key resistance is at Rs 1.72 lakh, with a breakout potentially targeting Rs 1.75–1.78 lakh. Use stop-losses and avoid over-leveraging. The market is euphoric—but euphoria can reverse quickly.

What Not to Do

  • Don’t liquidate your entire holding out of fear of a correction.
  • Don’t invest emergency funds in volatile commodities.
  • Don’t ignore storage and making charges if buying physical gold.

For more on building a resilient investment strategy, check out our guide on [INTERNAL_LINK:how-to-invest-in-gold-in-india].

Conclusion: Navigating the Gold Wave

The gold price prediction of Rs 1.75 lakh per 10 grams is no longer science fiction—it’s a realistic near-term target backed by strong fundamentals and technical momentum. While past performance doesn’t guarantee future results, the current environment is uniquely favorable for precious metals. Whether you’re a cautious saver or an active trader, understanding these dynamics is crucial. Gold may not be money in the digital age, but it’s still the ultimate insurance policy against an uncertain world.

Sources

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