Gold price top Rs 1.20 lakh, eye uncharted territory as Goldman raises target to $4,900, China ramps up buying

Gold prices on MCX crossed Rs 1.20 lakh per 10 grams, supported by Goldman Sachs raising its December 2026 target to $4,900 and Chinas continued gold buying. Silver also rose, with robust ETF inflows and potential U.S. rate cuts adding further momentum.