MUMBAI: As India approaches Akshaya Tritiya -- traditionally seen as an auspicious occasion for buying gold -- investors are weighing their options as the yellow metal navigates global uncertainty, with prices rising nearly 10 per cent so far in 2026, a report has said.
According to a report by Motilal Oswal Financial Services Ltd (MOFSL), despite the festive tailwinds, gold’s journey this year has remained volatile, marked by sharp swings amid a complex global backdrop and remains constructive in the long-term period.
It highlighted that gold prices are being propelled by multiple global factors, including geopolitical tensions, concerns over slowing economic growth and uncertainty surrounding interest rate movements in the US.
However, these factors have supported gold’s safe-haven appeal, intermittent strength in the US dollar and elevated bond yields have exerted pressure, resulting in a non-linear price trajectory, it said.
"Gold is currently navigating a complex global environment. While there are phases of pressure due to interest rate expectations and currency strength, the broader outlook remains supported by uncertainty, inflation concerns and long-term investment demand, " said Navneet Damani, Head of Research – Commodities at MOFSL.