Predicted to hit Rs 2 lakh, will gold prices fall to Rs 1.25 lakh per 10 grams? - The Times of India

AI desk brief

Gold has corrected sharply from its 2026 highs, with international prices down 26% from the January peak of $5,595/oz and spot last seen around $4,130/oz after an August high of $4,698. In India, MCX gold fell from Rs 1,64,773/10 gm at the end of August to Rs 1,45,991/10 gm last week, while analysts see near-term support around $4,025-$3,950/oz; a break there could expose $3,600-$3,750/oz, or roughly Rs 1,34,000/10 gm in rupee terms.