



Is it time to sell stocks and buy gold?
Subscribe to enjoy similar stories. A few years ago, people would have been sceptical of the gold price exceeding and sustaining comfortably above ₹100,000 per 10gm. In fact, most would have predicted a correction if the yellow metal hit six digits.
Not only was there no correction for a long time after gold crossed the ₹1 lakh mark, but even the small decline that started in mid-October 2025 also didn’t last long. The price of gold is at an all-time high again. Just look at the chart of the gold price over the last three years.
The gold bulls are certainly in control of the price right now. ₹1.5 lakh per 10gm is in sight. Can it hit ₹2 lakh in 2026? If the ongoing momentum sustains, it is possible.
The gold bulls can be forgiven for thinking that the price will keep rising. After all, the recent gains have been truly spectacular, especially compared to stocks. Back in 2024, gold delivered 20% compared to the Nifty’s 8.7% gain.
And 2025 saw the upward momentum continue. The price rose from about ₹78,000 to ₹133,000, about 70%, till mid-October, before a short-lived correction. In fact, since late July 2024, the gold price has moved up from around ₹68,000 to ₹1.45 lakh.
That was a rise of 132% in a little over 14 months. If we go back a little further, the price has been moving up sharply since February 2024 from 64,000 levels. That was a stunning 108% gain in 20 months.
But can gold really sustain such gains? And can it beat stock-market returns? First, let’s examine the outlook for gold this year and beyond. Can gold continue to rise in the short term? The simple answer is yes, it can. The upward momentum in the price is very strong.
Read on livemint.com