Gold Price Shock: Kotak Forecasts ₹1.5 Lakh/10g by 2026

• Kotak Securities predicts international gold prices could reach $5,000/ounce by 2026, potentially hitting ₹1.5 lakh/10g in India.
• Anticipated US Federal Reserve interest rate cuts in 2025, driven by a weak labor market and slow growth, are expected to boost gold's appeal.
• A weakening US dollar and increased gold accumulation by global central banks are contributing to the upward price trend.
• Rising geopolitical tensions, conflicts, and economic uncertainty reinforce gold's status as a reliable safe-haven investment.
• Indian gold prices have surged over 60% in a year, reaching ₹1,32,000/10g, with rupee weakness amplifying international trends.

Why It Matters: Kotak Securities forecasts gold prices reaching ₹1.5 lakh by 2026.