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Will gold prices fall below Rs 1 lakh? Key expert insights!
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News18•10-10-2026, 12:16
Will gold prices fall below Rs 1 lakh? Key expert insights!
- •Domestic gold prices have dropped by about 23 percent compared to January prices.
- •On the MCX, gold futures have fallen by more than 10 percent compared to the peak price recorded in August.
- •Market experts predict that gold prices are likely to fall further in the short term due to international trends.
- •For gold prices to drop to Rs. 1 lakh per 10 grams, international prices would need to plummet drastically.
- •De-dollarization, geopolitical tensions, and continuous central bank purchases continue to provide strong support for gold prices.
Key Questions Answered
Market experts predict that gold prices are likely to fall further in the short term, with domestic prices potentially dropping between Rs. 1,46,200 and Rs. 1,44,500 per 10 grams as international spot prices could decline to between $4,025 and $3,950 per ounce.
Experts state that for gold prices to drop to Rs. 1.25 lakh per 10 grams, 10-year US government bond yields must increase further, and October's US Consumer Price Index inflation rate must exceed expectations.
Global factors supporting gold prices include de-dollarization efforts, geopolitical tensions, ongoing central bank gold purchases, and long-term concerns regarding inflation.
