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."
Please log in to get detailed story.
Tags: #Gold prices likely to shoot up to Rs 1.50 lakh by next Diwali: Axis Securities
More News

Delhi showcases ‘Ek Bharat, Shreshtha Bharat’ spirit: Minister Indraj Singh

10 Nov 2025 | 12:56 AM

New Delhi, Nov 9 (UNI) Delhi is witnessing vibrant celebrations of various State Foundation Days and major festivals, reflecting the true spirit of ‘Ek Bharat, Shreshtha Bharat', Delhi Minister Ravinder Indraj Singh said.

see more..

Bihar's high-stakes election finale: Clash of titans, campaign battles and road ahead

09 Nov 2025 | 10:38 PM

SHAHID K ABBAS
New Delhi, Nov 9 (UNI) As the curtain rolls down on the intense and electrifying campaign for Bihar's 243-member Legislative Assembly elections today, the state stands poised at a historic crossroads.

see more..

Court restrains unauthorized construction near Delhi hospital

09 Nov 2025 | 10:28 PM

New Delhi, Nov 9 (UNI) The Tis Hazari Court in city has issued a restraining order against one Jainendra Kumar and others, preventing them from carrying out any unauthorized construction on a disputed open green area in Sanjay Nagar.

see more..

Man arrested for kidnapping and assaulting minor in Delhi over personal grudge

09 Nov 2025 | 9:31 PM

New Delhi, Nov 9 (UNI) A 23-year-old man was arrested on Sunday for allegedly kidnapping and assaulting a six-year-old boy in northwest Delhi’s Subhash Place, police said.

see more..

Jairam Ramesh blasts Bihar Govt over financial irregularities

09 Nov 2025 | 9:23 PM

New Delhi, Nov 9 (UNI) Congress leader Jairam Ramesh on Sunday mounted a scathing attack on the BJP-JD(U) government in Bihar, accusing it of systemic looting, corruption, and gross negligence that have severely impacted the state's development and welfare over the last two decades.

see more..