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Gold prices in India expected to stay firm amid weak rupee and global up-trend
ICICI Bank sees Indian gold prices holding in ₹1.
A sectoral update from ICICI Bank’s Global Markets team projects that domestic gold prices could trade in the ₹1,20,000–₹1,35,000 per 10 g range through the remainder of 2025, and rise further to ₹1,30,000–₹1,45,000 in the first half of 2026. The forecast cites a weakening Indian rupee and elevated global bullion demand. The current spot rate is around ₹1.31 lakh per 10 g on MCX. Risks remain tilted to the upside if global gold rallies or the rupee weakens further. This commentary comes ahead of the Diwali & Dhanteras buying season, underscoring precious-metal investor interest.