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Gold Price Shock: JP Morgan Predicts Gold to Hit $5,000 by 2027, Reaching 4 Lakh Rupees.
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News18•22-09-2026, 10:46
Gold Price Shock: JP Morgan Predicts Gold to Hit $5,000 by 2027, Reaching 4 Lakh Rupees.
- •JP Morgan forecasts gold prices could reach $4,500 per ounce by late 2026 and $5,000 by mid-2027.
- •After an August rally, gold saw a September decline, falling 3.9% internationally and 4.6% domestically.
- •Central bank purchases, US dollar strength, interest rates, and geopolitical tensions are key drivers for gold's future.
- •Chris Wood of Jefferies projects gold could soar to $10,000 per ounce in the long term.
- •These are market estimates, and actual gold prices will depend on various global economic factors and central bank policies.
Key Questions Answered
JP Morgan estimates that international gold prices could reach $4,500 per ounce by the end of 2026 and climb to $5,000 per ounce (approximately 415,959.74 rupees) by mid-2027.
According to the World Gold Council, gold fell by 3.9% internationally and 4.6% domestically in September due to shifting expectations surrounding the Federal Reserve's policies and weak investment flows into gold ETFs.
Chris Wood, Head of Global Equity Strategy at Jefferies, has projected that gold prices could reach a long-term target of $10,000 per ounce.
