Experts Predict Gold Could Hit Rs 2 Lakh and Silver Rs 4 Lakh Ahead of Mahakumbh 2026

{ "articleTitle": "Experts Predict Gold Could Hit Rs 2 Lakh and Silver Rs 4 Lakh Ahead of Mahakumbh 2026", "articleDescription": "Industry leaders at the Gold Mahakumbh show on ET Now Swadesh discussed geopolitical impacts and central bank buying, with brokerage targets suggesting gold may cross Rs 2 lakh by the next festive season.", "articleBody": "

Brokerage Targets and Price Forecasts

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A poll of leading commodity brokerages suggests most expect gold to cross Rs 2 lakh by the next festive season, according to reports from ET Now Swadesh. Targets for the precious metal are clustering between Rs 1.9 lakh and Rs 2 lakh, with a highest target reaching approximately Rs 2.1 lakh.

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Projections for silver also indicate significant movement, with brokerage targets running above Rs 4 lakh. Most houses have assigned a moderate target of Rs 3.5 lakh for the industrial metal.

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Jayaprakash Gupta, founder of Dhan Gold, stated that US bond yields are a key variable driving gold price fluctuations. He expects prices to reach the predicted levels over the next 12 to 18 months.

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Geopolitical Turbulence and Safe Haven Demand

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The discussion at the Gold Mahakumbh show on ET Now Swadesh, held on October 20, 2026, highlighted how geopolitical conflict has shifted investor focus. Gupta pointed to a turbulent year marked by prolonged war in the Middle East.

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According to Gupta, this geopolitical turbulence has increased gold's importance as a safe haven compared to previous years. The panel noted that strong central bank demand and shifting interest expectations have put the yellow metal in the spotlight beyond typical festive demand.

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Shifting Investor Sentiment Among Indian Households

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Kaushalendra Singh Sinha, CEO of the Indian Association for Gold Excellence and Standards, stated that over a 20 to 25-year period, gold has delivered a compound annual growth rate (CAGR) of more than 15 percent.

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Sinha noted that the past two years have changed how Indian households view gold. The metal has shifted from being viewed primarily as an inflation hedge for the educated class to a recognized portfolio asset. This shift occurred after equities underperformed while gold outperformed.

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Portfolio Allocation Guidelines

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Jayaprakash Gupta advised that investors aged between 25 and 45 should hold no more than 15 percent of their portfolio in gold. He cited their long working life ahead and preference for growth-oriented equities as reasons for this limit.

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Monetization and Diversification Strategies

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Lambertus Rutten, MD and CEO of IGM, joined the panel from New York to discuss portfolio management. He stated that gold is an excellent portfolio