New Delhi: If you are thinking of investing in gold, then this news is for you. The latest “Dhanteras 2025 Gold Report” of Axis Securities states that gold prices may see a tremendous rise in the coming months. The brokerage house estimates that the price of gold may reach ₹1.45 lakh to ₹1.50 lakh per 10 grams by next Diwali (2026). That means additional growth of about 30% is possible from the current level.
Buying suggestion on fall in gold
The report advised investors to adopt a “buy on dips” strategy in case of any price correction between ₹1.05 lakh to ₹1.15 lakh per 10 grams. Axis Securities says that circumstances like falling US yields, continuous purchases of gold by the Central Bank, and increasing geopolitical tensions are further strengthening the safe haven appeal of gold.
Domestic gold at record high
Gold price on the domestic market (MCX) in India has already crossed the ₹1 lakh per 10 gram mark. Central bank buying, possible rate cut in the US, and dollar weakness in the international market have taken the yellow metal to new heights. According to the report, gold has outperformed major equity indices like Nifty 50 through 2025 — meaning investors have shifted from riskier stocks to gold as a safe asset.
Up to 60% returns in last one year
Gold prices have increased by approximately 60% from October 2024 to October 2025.
The price of gold on Comex has reached an all-time record of $4,180 per ounce.
Axis says that if gold remains above $3,800/oz, its next target could be $4,700–$4,800/oz.
Central bank and ETF investment gave strength
The report states that
After record purchase of 1,180 tonnes of gold in 2024
It is estimated that more than 1,000 tonnes will be purchased in 2025 also.
Additionally, investments in gold ETFs are also at a historic high — indicating that global investors are viewing gold as a safe haven during times of uncertainty.
Why will gold’s bull run continue?
Axis Securities has given five major reasons due to which the rise in gold may continue till next year:
Interest rates cut in America: Falling yields are making gold more attractive.
Central Bank Purchase: Many countries are increasing gold as reserves to reduce dependence on the dollar.
Geopolitical tensions: Investors are turning to gold in times of war, tariff disputes and uncertainty.
Weakening US Dollar: The process of de-dollarisation is giving a boost to gold.
Record investment in ETFs: Retail investors are preferring gold for inflation protection and liquidity.
investment strategy
according to the report –
“Investors should buy gold on dips and remain patient from a long-term perspective. This is an excellent buying opportunity in the range of ₹1.05-₹1.15 lakh per 10 grams.”
Axis Securities says that as long as Comex gold remains above $3,800/oz, the bullish trend of the gold market will continue.
What will happen if there is a decline?
If gold goes below $3,446/oz in the international market, then
Prices may test the support at $3,100/oz.
But at present there are no such signs, because demand from investors and purchases by central banks remain constant.
Advice for long-term investors
The report says that instead of physical gold, investors should invest in Gold ETF or Sovereign Gold Bond (SGB), so that the risk of storage and purity can be avoided.
Axis says –
“Indian households hold private gold worth about $3 trillion (about ₹250 lakh crore) — the largest reserves in the world. This reflects the confidence people have in gold, and that confidence continues to drive gains for investors.”
Bullish trend continues
If the current economic and political conditions remain the same, gold may touch new highs by Diwali next year.
Bullish Scenario: If gold remains stable above $3,800, target of ₹1.45–₹1.50 lakh per 10 grams possible.
Bearish Scenario: If there is a break below $3,446, we may see a correction to ₹1.05 lakh-₹1.10 lakh.
At present the mood of the market is clear “Gold is still shining, and investors who buy with patience can get gold-like returns in the coming months.”
