Following midterm setbacks for Donald Trump's party, domestic gold recovered to roughly ₹1,45,000 per 10 grams while silver advanced to ₹1,90,000 per kilogram amid fears of US government shutdowns. PACE 360 strategist Amit Goel projects COMEX gold will hit $4,400 per ounce by late 2026, pushing local prices up to ₹1,55,000. These revised estimates stem in part from delayed timing around an anticipated downturn in the artificial intelligence sector. Looking further toward Samvat 2083, market observers expect lower interest rates and market volatility to expand bullion gains significantly.
Key points
Market analysts view the pre-festive price correction as an advantageous wealth-creation…: Market analysts view the pre-festive price correction as an advantageous wealth-creation opportunity for shoppers and investors.
Projected delays in an artificial intelligence sector downturn have led strategists to ad…: Projected delays in an artificial intelligence sector downturn have led strategists to adjust their end-2026 metal targets.
By Samvat 2083, domestic silver prices could potentially reach up to ₹3,00,000 per kilogr…: By Samvat 2083, domestic silver prices could potentially reach up to ₹3,00,000 per kilogram under favorable market conditions.
Sources checked by our analysis pipeline: 1
US Midterm Elections Results Impact on Dhanteras Shopping: After the humiliating setback to Donald Trump's Republican Party in the US Midterm Elections, gold and silver rates have bounced back strongly. After hitting below ₹1,39,000 per 10 gm in India, the gold rate today is around ₹1,45,000 per 10 gm. Likewise, silver rates today is around ₹1,90,000 per kg in India after hitting close to ₹1,80,000 in the recent crash.
According to market experts, gold and silver prices are rising ahead of Dhanteras and Diwali 2026, which is good news for Indian investors. They said the US Midterm Election results have cast doubt on the smooth functioning of the US administration, as the chances of a shutdown and other policy paralysis are expected to hit the US economy hard. This has put the US dollar under pressure, leading to profit-booking in the US bond market. However, they said that an AI meltdown is the next trigger, which will further fuel gold and silver prices in Samvat 2083. They advised investors to buy gold and silver in whatever form they prefer, expecting…
A pullback in global crude prices has delivered critical relief to Indian assets, sparking the strongest domestic stock rally in seven months and lowering government bond yields to a one-month low. As the world's third-largest oil importer, the easing energy costs diminished currency hedging expenses and supported regional foreign exchange sentiment. Sustaining this stability will largely hinge on persistent foreign capital inflows to alleviate pressure on the domestic currency.
Domestic economic resilience and corporate earnings expansion are positioning Indian benchmark indices for substantial gains over the coming year. However, mounting external pressures, particularly surging crude oil prices tied to geopolitical friction, threaten this upward trajectory. Wealth strategists advise focusing on liquid, large-cap equities while exercising caution toward highly leveraged businesses.
Market participants witnessed broad buying interest across domestic exchanges during the session. The positive momentum drove the overall equity landscape into firm green territory by the closing bell. This sharp upward movement reflected strong investor participation throughout the day.