Kotak: Gold to Soar to ₹1.5 Lakh by 2026 on Rate Cuts, Weak Dollar, Geopolitics

• Kotak Securities forecasts international gold prices to reach $5,000/ounce and ₹1.5 lakh/10 grams in India by 2026.
• Expected Federal Reserve rate cuts, driven by a weak US labor market and slow growth, will make gold more attractive.
• A weakening US dollar and global central banks increasing gold reserves are contributing to the price surge.
• Geopolitical tensions and economic uncertainty are boosting gold's demand as a reliable safe-haven asset.
• Indian gold prices have risen over 60% in a year, hitting ₹1,32,000/10 grams, partly due to rupee depreciation.

Why It Matters: Kotak predicts gold will hit ₹1.5 lakh by 2026, signaling major investment shifts.