Gold Prices in India May Touch ₹1.9 Lakh per 10 gm by 2026: WGC Chief Signals Strong Rally

Gold price India may stay elevated well into 2026 as structural global forces continue to support demand. The World Gold Council has flagged a potential surge that could push domestic prices to unprecedented levels.

Why Gold Prices in India Are Back in Focus

Gold price India has once again captured investor attention after the World Gold Council projected a prolonged rally in the precious metal. 

According to David Tait, chief executive of the World Gold Council, gold prices could approach $6,000 per ounce over the next two years, translating to nearly ₹1.9 lakh per 10 gram in the domestic market. This projection was highlighted in a report by The Economic Times published in December 2025:
 
The outlook comes amid a sharp 60 percent year-on-year rise in global gold prices, driven by macroeconomic uncertainty and strong investment demand.

What Is Driving the Current Gold Rally

Speaking on the outlook, Tait said the current rally is not driven by short-term shocks but by deep structural changes across major economies. On Wednesday, gold was trading at $4,321 per ounce. One ounce equals roughly 28 grams, implying that Gold price India could move close to ₹1.90 lakh per 10 gram if global prices approach the $6,000 mark.

The World Gold Council attributes this momentum to expected deregulation in China, a generational wealth transfer in Japan and rising adoption of gold ETFs globally. These factors are expected to sustain investment demand well into 2026.

An analysis published by LoansJagat in December 2025 also pointed out that rising gold valuations are playing a role in supporting India’s financial buffers. According to this article by LoansJagat, gold gains helped offset declines in foreign currency assets within India’s forex reserves.
 

How Gold Prices Have Evolved in Recent Years

Gold price India has witnessed a steady upward trajectory over the past few years, with gains accelerating sharply in 2025. According to another Economic Times commodities report published in December 2025, gold prices surged to fresh lifetime highs in India, supported by strong global cues and domestic buying interest.
 
The report noted that traders remain bullish, citing technical indicators and continued investor demand. Over the past year alone, gold has delivered returns of nearly 60 percent, outperforming most major asset classes.

LoansJagat further reported that gold’s rising valuation has helped cushion India’s foreign exchange reserves during periods of capital outflows, underscoring the metal’s importance as a financial stabiliser during volatile global conditions.
 

What Market Stakeholders Are Saying

David Tait said there are strong indicators that elevated gold prices will continue into 2026. He added that projections of $6,000 per ounce appear increasingly realistic given prevailing economic conditions. 

Market analysts quoted by The Economic Times echoed this view, citing sustained ETF inflows and safe-haven demand.

Conclusion

Gold price India appears poised for a prolonged rally, supported by global structural shifts and strong investor demand. 

While ₹1.9 lakh per 10 gram remains a forward-looking estimate, current trends indicate that gold may continue to outperform other asset classes in the coming years.
 

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