Domestic gold prices hovering around ₹1,40,000 to ₹1,41,500 per 10 grams have pulled back significantly while still maintaining an 8% gain from the prior year. Experts highlight that the current decline has cleared speculative froth, though short-term downside risks of up to 8% persist due to Federal Reserve expectations. Axis Direct projects that prices could rebound to between ₹1,65,000 and ₹1,71,000 per 10 grams by the next festival cycle. Monarch PMS emphasizes that broader macroeconomic tailwinds remain intact despite recent market volatility.
Key points
Market analysts suggest accumulating gold through staggered purchases instead of deployin…: Market analysts suggest accumulating gold through staggered purchases instead of deploying lump-sum capital to manage ongoing price volatility.
Federal Reserve interest rate hike expectations create a potential near-term downside ris…: Federal Reserve interest rate hike expectations create a potential near-term downside risk of 5% to 8% for gold prices.
Long-term price targets could reach up to ₹1,80,000 per 10 grams if geopolitical friction…: Long-term price targets could reach up to ₹1,80,000 per 10 grams if geopolitical friction recedes and monetary policy eases.
Sources checked by our analysis pipeline: 1
Dhanteras 2026: Gold prices have witnessed significant volatility in 2026, with the yellow metal undergoing a sharp correction after scaling record highs earlier this year.
As investors prepare for Dhanteras 2026, traditionally considered an auspicious occasion to purchase gold, the key question is whether the recent decline offers an opportunity to buy or whether prices could fall further.
Domestic gold prices have corrected more than 20% from their 2026 peak, driven by concerns over inflation, higher crude oil prices, geopolitical uncertainty and expectations of an interest rate hike by the US Federal Reserve, according to brokerage firm Axis Direct.
Despite the near-term weakness, market experts remain constructive on gold's long-term outlook. They believe the recent correction has improved entry valuations for long-term investors, although traders should remain cautious about short-term price movements.
Gold has delivered extraordinary returns over the past five years, benefiting from global economic uncertainty, geopolitical tensions, central bank purchases and changing expectations around interest rates.
According to Axis Direct, domestic gold prices have climbed from approximately ₹47,600 per 10 grams in November 2021 to around ₹1,42,750 in…
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