Gold and Silver Price Targets and Buying Ranges for Diwali 2026

Religare Broking released its Diwali 2026 report with recommended buying ranges and price targets for gold and silver. Gold hit a record high of about $5,595 per ounce in January before dropping due to profit-taking and rising bond yields. The US Federal Reserve raised its key interest rate by 25 basis points in September to a range of 3.75% to 4% and held it steady in October.

Targets And Ranges

Religare Broking advises buying gold in the domestic market at ₹1,30,000 to ₹1,35,000 per 10 grams, with price targets set at ₹1,50,000 and ₹1,58,000. The key support level for gold is ₹1,21,000 per 10 grams. For silver, the brokerage recommends an accumulation zone of ₹1,50,000 to ₹1,63,000 per kg, with targets of ₹2,17,000 and ₹2,55,000, and a support level of ₹1,09,000 per kg. Internationally, gold has an accumulation zone of $3,665 to $3,805 per ounce with targets of $4,230 and $4,455, while silver has a range of $41.50 to $45 per ounce with targets of $60 and $70.

Market Factors

Global gold ETFs saw record inflows of $30.7 billion, equal to 211 tonnes, in the third quarter of 2026. Central banks bought 346 tonnes of gold in the first half of the year. Meanwhile, the US dollar index rose about 3.7% early in the year, and US inflation reached 3.7% in September.

Context

Buying precious metals during Diwali is a long-standing tradition in India linked to prosperity and new beginnings. Investors also use gold and silver to protect their wealth against inflation and economic uncertainty.