Editor’s Note
This analysis from experts in Madhya Pradesh suggests the recent dip in gold and silver prices may be a temporary lull, forecasting a significant surge and new record highs in the near future, with a major boom potentially charted for 2026.
Experts in Madhya Pradesh’s gold and silver market say the recent drop in gold and silver prices can be considered ‘the calm before the storm’. This decline won’t last long, and gold will once again set new records… How gold could chart a major boom journey in 2026…
According to market experts and global economic indicators, after March 2026, gold could touch record levels between 1.75 lakh and 2 lakh.
Market pundits indicate that after March, the wedding season in India will begin, followed by demand for Akshaya Tritiya. Demand for gold in India has a direct impact on global prices.
Potential interest rate cuts in the US will shift investors away from the dollar towards gold. When the dollar weakens, gold soars like a rocket.
India’s RBI and other central banks worldwide are continuously increasing their gold reserves. This is leading to lower supply and higher demand in the market.
There is a premium for purity here. Due to the credibility of Ratlam traders, prices often remain slightly higher or almost equal. People from across the state come here to shop.
Bullion market experts say the volume game is played here. Due to more wholesale trade, price fluctuations are seen here first.
– Basant Soni, Vice President, Sarafa Association
The market in the capital Bhopal is based on retail and making charges. Discount schemes often run here for middle-class buyers.
If you consider the outlook from after March until the end of 2026, the current decline is a golden opportunity for buyers. Silver, currently struggling around 3 lakh, has prospects of reaching 5.5 to 6 lakh by December. Meanwhile, gold could show strong momentum in 2026, similar to 2025. In 2025, it crossed the 1 lakh rupees per 10 grams mark for the first time on April 22. In 2026, it could touch the 2 lakh figure.
Experts say gold and silver prices could fall further now. But this correction phase won’t last many days. After March, the market will gain momentum. And a new record could also be set. Thus, this is a golden opportunity for buyers and investors.
Year – Price (per 10 grams)
1964 – 63 Rupees
1980 – 1330 Rupees
1990 – 3200 Rupees
2000 – 4400 Rupees
2010 – 18,500 Rupees
2020 – 48,651 Rupees
2023 – 65,330 Rupees
2024 – 77,913 Rupees
2025 – 1,01,660 Rupees
Experts explain that if there is a severe recession in global markets, the dollar weakens, and investors completely shift to safe-haven assets i.e., gold, the market could boom around 1.75 lakh to 2 lakh or slightly above. However, there is significant volatility and uncertainty around these estimates. It’s an ‘if and but’ scenario. All experts are giving their different projections. This rally is likely to be seen after March, especially towards the end of 2026. Meanwhile, silver has prospects of reaching 6 lakh, while according to one report, gold could reach 1.45 lakh to 1.50 lakh by Diwali 2026.
