Gold Eyes Rs 1.5 Lakh Mark: Analysts Predict Bullion Price Surge Amid Rate Cut Hopes

• Gold prices, after hitting record highs, have cooled slightly but analysts believe the broader uptrend is intact, with potential to cross Rs 1.5 lakh.
• Renisha Chainani of Augmont notes gold's strong technical structure, breaking resistance at $4,570, targeting $4,745-4,750 (Rs 1.46 lakh) and $4,966-4,970 (Rs 1.52 lakh).
• Easing safe-haven demand due to reduced geopolitical tensions and Trump's stance on tariffs caused a temporary retreat in precious metals.
• Macro factors like expectations of US Federal Reserve rate cuts, driven by softer inflation data, continue to underpin gold prices.
• Despite recent dips, the bullish narrative for gold remains strong, supported by a low-interest-rate environment and ongoing global uncertainties.

Why It Matters: Analysts foresee gold crossing Rs 1.5 lakh, driven by strong technicals, anticipated US rate cuts, and global uncertainties.