Gold Prices Rise After Diwali As JP Morgan Predicts Strong Surge

Gold prices staged a sharp recovery following Diwali, bringing the precious metal back into focus for investors. International bullion recovered above <b>$4,100</b> an ounce, while domestic prices climbed on Monday. JP Morgan expects prices to climb towards <b>$6,000</b> an ounce by the end of 2026, marking a significant 46.34 per cent rise. On the Multi Commodity Exchange, gold traded at <b>Rs 1,43,750</b> per 10 grams, up 0.84 per cent, while silver climbed 1.62 per cent. Retail prices for 24-carat gold reached Rs 1,44,750 in Delhi and Rs 1,44,600 in Mumbai. Market factors supporting this recovery include lower crude oil prices, a weaker dollar, ongoing central bank buying, and geopolitical uncertainty. Experts advise viewing gold as a portfolio diversifier rather than an instrument for quick profits.