Gold prices in India are expected to rise to ₹1,10,000-₹1,25,000 per 10 grams in the first half of 2026, according to a research note by ICICI Bank. The projection will stand true if the Indian rupee's value against US dollar stays between 87-89 in the same period. For the rest of 2025, the note expects gold prices to be ₹99,500-₹1,10,000.