NEW DELHI: The gold has generated returns of approximately 63 per cent in rupee terms and 53 per cent in dollar terms since last Dhanteras, and a possible rally towards Rs.1.5 lakh per 10 grams is possible by 2026, a report said on Friday.
Dovish signals from the U.S. Federal Reserve, ETF inflows, and central bank purchases are driving the surge in gold, the report from Ventura Securities said.
Gold prices have skyrocketed since March 2025, rising from $3,000 an ounce to around $4,254. In India, prices increased from Rs.78,840 per 10 grammes on Dhanteras 2024 to Rs.128,200 currently.
“Starting the next rally from Dhanteras 2025, the unchartered territory of $5000 per ounce or Rs 1,50,000 per ten grams could be in 2026,” the report noted.
N.S. Ramaswamy, Head of Commodities & CRM, Vent