Gold Prices Near Rs 1.4 Lakh; Central Bank Buying Prevents Sharp Decline

Gold prices in India have reached nearly Rs 1.43 lakh per 10 grams, prompting many buyers to wait for a price correction to levels below Rs 1 lakh. However, market experts believe that a sharp decline is unlikely due to steady central bank buying.

The consistent demand from central banks globally acts as a strong support level for gold, preventing deep price slides. Analysts at firms like Augmont describe the expectation of gold returning to Rs 1 lakh as an 'extreme scenario' rather than a realistic near-term outcome.

Price projections for the remainder of 2026 suggest a range between Rs 1.4 lakh and Rs 1.5 lakh per 10 grams, with standard short-term fluctuations of 5% to 15% being the more likely trend.