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Could the price of gold exceed 2 lakh rupees next year?
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News18•15-10-2026, 09:42
Could the price of gold exceed 2 lakh rupees next year?
- •China imported over 1,000 tonnes of gold in the first eight months of the year, valued at approximately 158.8 billion dollars.
- •The People's Bank of China purchased nearly 23 tonnes of gold in September, marking its highest monthly purchase in three years.
- •Analysts suggest China is hoarding gold as a strategic move to reduce its over-reliance on the US dollar.
- •The massive gold accumulation by China could significantly influence global prices and impact the Indian market during the festive season.
- •Experts predict that if the current demand trends persist, the price of gold could surpass 2 lakh rupees by 2027.
Key Questions Answered
China has imported a record amount of more than 1,000 tonnes of gold valued at approximately $158.8 billion between January and August 2026.
According to analysts like Carsten Menke at Julius Baer Group, China is buying gold as part of a strategic plan to reduce its over-reliance on the US dollar and US Treasuries. Additionally, ordinary households are turning to gold as a safe investment due to a prolonged real estate crisis.
Experts believe that if global demand for gold continues to rise, the price of 10 grams of gold could exceed 2 lakh rupees by 2027, though this depends heavily on international market conditions, interest rates, and investor demand.
