NewsSignals AI analysis·CNBC TV18·Nov 5, 2026

Dhanteras 2026: Buying gold now, what returns could you expect by next year

Grade Abullish AI signal$XAU$XAG

Gold has corrected sharply from its 2026 peak, but Axis Direct maintains a bullish long-term outlook with a target of ₹1.65 lakh–₹1.80 lakh per 10 grams by next Dhanteras. Domestic gold prices fell 12.8% to ₹1.42 lakh per 10 grams on October 31, while the brokerage projects potential returns of 20–25% amid continued central bank purchases and strong ETF inflows. Near-term interest rate pressure and a stronger US dollar could limit recovery, but sustained institutional demand and potential monetary easing may support gold prices over the longer term.

Bullish strength: 65/100

Axis Direct maintains a long-term gold price target of ₹1.65 lakh–₹1.80 lakh per 10 grams.
Brokerage projects potential returns of 20–25% by next Dhanteras.
Central banks have maintained annual gold purchases of approximately 1,000 tonnes.
Global gold ETF inflows reached approximately $39 billion through September 2026.
Potential interest rate cuts and easing geopolitical tensions could support gold.

Bearish strength: 35/100

Gold faces near-term pressure from elevated interest rates and a stronger US dollar.
Gold declined 12.8% from May 29 to October 31.
Further Federal Reserve rate hikes could weigh on the non-yielding asset.
Axis Direct identifies potential international support levels at $3,700 and $3,600.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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