IndiaPosted at: Oct 17 2025 12:44PM


Gold prices likely to shoot up to Rs 1.50 lakh by next Diwali: Axis Securities

New Delhi, Oct 17 (UNI) In its Dhanteras 2025 Gold Report, Axis Securities highlighted that the gold investors may want to keep their shopping lists ready this festive season. The report advised traders and long-term investors to accumulate gold on dips in the Rs 1.05 to Rs 1.15 lakh per 10-gram range, with a potential upside target of Rs 1.45-Rs 1.50 lakh by next Diwali.
Axis Securities maintained a bullish outlook on gold as global cues from softening US yields and sustained central bank buying to geopolitical tensions continue to strengthen the metal's safe-haven appeal. The report expects the rally to extend into 2026 with domestic prices already near record highs. It said, this will be supported by steady ETF inflows and growing investor preference for gold as a hedge against uncertainty.
Notably, the domestic gold prices have crossed Rs 1 lakh per 10 grams, with MCX Gold rallying on the back of central bank buying, rising geopolitical tensions, and expectations of more US Federal Reserve rate cuts. The report projected up to 30 percent further upside from current levels saying, "Traders may consider accumulating on declines, as the overall trend remains positive."
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