National News (15/09/2026): Gold prices have come under pressure after a strong run-up in recent weeks, but market analysts expect the correction to be followed by renewed buying momentum as India enters the festive and wedding season.
According to projections cited by market experts, 10 grams of gold could rise to around ₹1.60 lakh by the end of September and potentially touch ₹1.80 lakh by the end of 2026 if domestic demand remains strong and global market conditions stay supportive. Silver could also see a sharp move higher, with an estimate of ₹3 lakh per kg being cited for the precious metal.
However, these are market forecasts and not guaranteed price targets. Gold and silver prices can change rapidly depending on international bullion prices, currency movements, interest rates, geopolitical developments and domestic demand.
Gold Prices Fall After Recent Rally
The latest weakness in precious metals comes after a period of strong gains. Market participants have booked profits following the sustained rise in gold and silver, putting short-term pressure on prices.
Global market movements have added to the volatility. Changes in expectations around interest rates, movements in the US dollar and developments in international markets can have a direct impact on domestic bullion prices.
According to MCX-linked data cited in the report, gold declined by around 4% over the previous seven trading sessions, while silver fell nearly 2% during the same period.
Over a three-month period, gold was down approximately 3%, while silver recorded a decline of nearly 8%. The broader six-month trend has also remained under pressure for both precious metals.
Despite the recent correction, analysts believe the decline may not necessarily signal a prolonged downtrend.
Why Experts Expect Gold to Recover
India’s precious-metal market has a unique demand driver: gold is purchased not only as an investment but also for festivals, weddings and traditional occasions. With the festive calendar approaching, jewellery purchases are expected to pick up. The wedding season that follows could provide another boost to physical gold demand.
Ajay Kedia, director of Kedia Advisory, has projected that gold could reach approximately ₹1.60 lakh per 10 grams by the end of September. If buying momentum continues through the final quarter, the metal could potentially move towards ₹1.80 lakh by year-end, according to the estimate cited in the report.
The forecast, however, depends on several variables, including domestic consumption and the direction of international bullion markets.
October Could Bring Stronger Buying
The beginning of the festive season could become an important test for the domestic gold market.
A decline in prices can encourage consumers who had been waiting for a better entry point to resume purchases. Jewellery retailers could also see stronger footfall as festivals transition into the wedding season.
Rajiv Popli, director at Popli Group, said that consumers may view price corrections as an opportunity to buy. According to the report, any significant decline following the festive period could attract additional buying interest.
This creates an interesting dynamic for the market: a short-term correction could potentially generate fresh physical demand, particularly if consumers believe prices may rise again.
Can Gold Reach ₹1.8 Lakh by December?
The ₹1.80 lakh per 10 grams level is among the more bullish projections currently being discussed by analysts.
The estimate assumes that festive and wedding demand remains healthy and that international factors continue to support precious metals. A similar bullish outlook has been cited for silver, with prices potentially moving towards ₹3 lakh per kg under favourable market conditions.
But investors and consumers should treat these figures as projections rather than certainties. Precious-metal prices can move sharply in either direction when global financial conditions change.
Global Factors Remain Crucial
The domestic price of gold is influenced by much more than Indian jewellery demand.
Key factors to watch include:
International gold and silver prices
US dollar movements
Global interest-rate expectations
Geopolitical tensions
Central-bank buying
Inflation and economic uncertainty
Indian festive and wedding demand
Changes in domestic investment flows
A stronger dollar or higher global interest rates can weigh on gold, while expectations of easier monetary policy, geopolitical uncertainty or stronger safe-haven demand can provide support.
What Should Gold Buyers Do Now?
The latest correction may appear attractive to consumers who were waiting for lower prices, but attempting to predict the exact bottom of the market can be difficult. For jewellery buyers, purchasing decisions should primarily depend on their actual requirement and time horizon rather than a single price forecast.
For investors, the situation is different. The possibility of gold reaching ₹1.80 lakh does not mean that the price will move upward in a straight line. Further corrections remain possible before any sustained recovery.
The key takeaway is that the current fall has not eliminated the possibility of a strong recovery later in the year. If festive and wedding demand strengthens while global conditions remain favourable, gold could regain momentum in the coming months.
Gold Price Outlook at a Glance
MetalReported Expert ProjectionGold — End September 2026Around ₹1.60 lakh per 10 gramsGold — End 2026Up to ₹1.80 lakh per 10 gramsSilver — Potential TargetUp to ₹3 lakh per kg
Important: These figures are market estimates cited from analysts and should not be interpreted as guaranteed future prices. Actual gold and silver rates may vary significantly based on domestic and international market conditions.
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