Gold Set to Surge to Rs 1.50 Lakh by Next Diwali, Says Axis Securities
Bullish Outlook on Gold Continues Amid Global Uncertainty, Central Bank Buying, and Weakening Dollar
New Delhi, Oct 17 : Axis Securities’ Dhanteras 2025 Gold Report has projected a strong bullish trend for gold, predicting that domestic prices could soar to Rs 1.50 lakh per 10 grams by next Diwali. The brokerage advised investors and traders to consider accumulating gold on dips between Rs 1.05 lakh and Rs 1.15 lakh per 10 grams to capitalize on the potential upside of Rs 1.45–1.50 lakh.
The report highlights that global factors such as softening US yields, sustained central bank purchases, geopolitical tensions, and ongoing safe-haven demand are likely to support the rally. Domestic gold prices have already surpassed Rs 1 lakh per 10 grams, driven by central bank buying, investor demand, and expectations of US Federal Reserve rate cuts.
Axis Securities identified five structural tailwinds for gold: US rate cuts lowering yields, central bank accumulation, geopolitical tensions, weakening of the US dollar, and rising ETF demand by retail investors seeking a hedge against inflation and market uncertainty.
The report further suggested that if gold sustains above $3,800 per ounce, it could reach $4,700–$4,800 in the medium term, while a fall below $3,446 could test the $3,100 support zone, critical for trend continuation.
Investors are advised to view gold as a long-term hedge against uncertainty, with domestic prices expected to remain buoyant well into 2026, supported by robust demand and safe-haven appeal.
