Gold price outlook: Gold prices have corrected sharply from their record highs, but the decline may be creating a fresh opportunity for investors looking to add the precious metal to their portfolios. With domestic prices hovering around ₹1.42 lakh per 10 grams, experts see scope for further gains over the coming year, although their projections differ. Axis Securities sees gold prices rising up to 25% by next Dhanteras.
Continued central bank buying, renewed exchange-traded fund (ETF) inflows and the possibility of easing monetary conditions could support the recovery. However, elevated interest rates, a stronger US dollar and geopolitical uncertainty remain important risks.
Axis Securities, meanwhile, believes the correction of more than 20% from gold's peak has improved the entry opportunity for long-term investors. It also highlighted the importance of central bank demand in supporting the metal's longer-term prospects.
"Annual central bank purchases have remained around 1,000 tonnes in recent years, providing structural support to gold prices. Given the prevailing geopolitical uncertainties, sustained central bank demand could continue to underpin the bullish case for gold in 2027," Axis Securities said.
Gold…