Gold Prices Set to Soar: Expert Predicts Major Hike by 2026

• Gold prices, fluctuating recently, are expected to see a significant increase in coming months and by 2026.
• Chetan Mehta, Chairman and MD of Lakshmi Diamonds, predicts a 10-20% rise (₹12,000-₹24,000) in gold prices within 2-3 months.
• Investment gold purchases outpaced jewelry buying this year, though wedding season is expected to boost jewelry sales.
• Demand for gold is rising again after a post-Diwali dip, with many exchanging old gold for new designs.
• Diamond jewelry demand remains stable, with increasing preference for studded and smaller diamonds over gold.

Why It Matters: Gold prices are projected to rise significantly due to global and domestic demand, making coming months crucial for buyers.