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Gold Tsunami Predicted: US Turmoil Could Push Prices to $10,000/Ounce, ₹3.2 Lakh/Tola in India
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News18•20-09-2026, 11:21
Gold Tsunami Predicted: US Turmoil Could Push Prices to $10,000/Ounce, ₹3.2 Lakh/Tola in India
- •Chris Wood of Jefferies forecasts a threefold increase in gold prices due to US market turmoil.
- •Weakening US dollar and pressure on the American bond market are cited as key drivers for the surge.
- •International gold prices could reach an unprecedented $10,000 per ounce.
- •If this prediction holds, 10 grams of gold in India could exceed ₹3.20 lakh.
- •This represents a potential 129 percent increase from current base prices, making 1 kg of gold worth ₹3.09 crore.
Key Questions Answered
Chris Wood, Global Head of Equity Strategy at Jefferies, predicted a historic surge in the bullion market where international gold prices could reach $10,000 per ounce.
If international gold reaches $10,000 per ounce and the dollar rate is assumed at ₹96, the price for 10 grams of gold in India is likely to exceed ₹3.20 lakh, or approximately ₹3.09 lakh as a base conversion.
An unprecedented surge could occur if immense pressure builds on the American bond market, forcing the US to keep its Treasury Yield low and making the American dollar extremely weak.
