GENERAL19 Oct 2026
Gold near ₹1,48,000; experts see ₹1,60,000 by December 2026
Gold for December delivery is trading above ₹1,48,000 per 10 gm on MCX, up about 26.5% since Dussehra 2025. Anyone weighing a purchase now is buying into a market still roughly 18% below January's record high of ₹1,80,779. Experts quoted in the report expect ₹1,60,000 per 10 gm by end-December 2026, and $4,600 an ounce overseas, after the US Federal Reserve meets on 27-28 October.
Key Statutory Highlights
- Gold in India has moved from about ₹1,17,000 to ₹1,48,000 per 10 gm since Dussehra 2025, a gain of 26.5%.
- The metal touched a record ₹1,80,779 per 10 gm in January 2026, then retraced around 18% from that peak.
- Analysts see ₹1,60,000 per 10 gm and $4,600 an ounce by end-December 2026, with a Fed hold on rates cited as the buying trigger.
Actionable Advice for Taxpayers / Founders:Watch the US Federal Reserve meeting on 27-28 October 2026. CME FedWatch puts 85% odds on rates staying unchanged, and analysts also flag a possible AI blowout in late November or early December.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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