The forecast is driven by a combination of global macroeconomic uncertainties, sustained geopolitical tensions, and continued central bank gold buying, all of which are fuelling demand for the yellow metal as a safe-haven asset. Analysts also point to inflationary pressures and a weaker dollar outlook as supporting factors for a bullish gold trend in the coming months.

Domestically, the Indian bullion market has already witnessed elevated price levels, with average rates hovering between Rs. 86,900 and Rs. 1,01,000 per 10 grams during the first quarter of FY26. Industry experts believe that retail demand is likely to stay resilient despite the high prices, as gold continues to hold cultural and investment significance for Indian consumers.

With the festive and wedding season ahead, jewellers and investors alike are keeping a close eye on global signals and central bank policies, which could further influence gold's trajectory in the remainder of the year.