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Gold Price Drop: ICICI Bank's Shocking Report on Gold Forecast for Next 3 Months
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News18•30-09-2026, 08:17
Gold Price Drop: ICICI Bank's Shocking Report on Gold Forecast for Next 3 Months
- •Gold prices sharply declined by 8% in September after a 9% rise in August.
- •ICICI Bank predicts gold prices in India to be between ₹1.40 lakh and ₹1.60 lakh per 10 grams for the next three months of 2026.
- •The bank forecasts gold prices to reach $4,600 to $5,000 per ounce in the first half of 2027.
- •US monetary policy, inflation concerns, rising crude oil prices, and US employment data are cited as reasons for the recent decline.
- •Despite the temporary dip, ICICI Bank clarifies that this will not halt the long-term increase in gold prices.
Key Questions Answered
According to ICICI Bank's research report, gold prices in India are expected to range between ₹1.40 lakh and ₹1.60 lakh per 10 grams for the remaining periods of 2026.
ICICI Bank's research report estimates that international gold prices will likely rise to between $4,600 and $5,000 per ounce in the first half of 2027.
Gold prices fell by about 8 percent in September 2026 due to factors such as US monetary policy, inflation concerns, rising crude oil prices, and US employment data.
