Gold Prices May See 6-8% Correction Before Rising: Motilal Oswal
Gold and silver investors are being advised to adopt a staggered approach to precious metals due to volatile price movements. In its Precious Metals Report for the first half of 2026, Motilal Oswal Financial Services Ltd (MOFSL) notes that inflation trends, US interest rates, and real yields have become more important factors for gold prices than geopolitical tensions.
The brokerage suggests investors with a long-term horizon avoid making lump-sum investments during sharp price movements. Instead, they should consider spreading purchases over different price levels rather than trying to predict the exact market bottom. MOFSL expects gold could see a correction of 6-8% from current levels before moving higher over the next 12-15 months.
The brokerage has identified accumulation levels for Indian investors between ₹1.30 lakh and ₹1.33 lakh per 10 grams, assuming dollar/rupee at 95.5. Medium-term targets are set at ₹1.68 lakh per 10 grams, followed by ₹1.93 lakh per 10 grams.