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Gold Price Forecast: ICICI Bank Predicts Next 3 Months' Trends
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News18•29-09-2026, 15:46
Gold Price Forecast: ICICI Bank Predicts Next 3 Months' Trends
- •Gold prices decreased by almost 8% in September compared to August.
- •ICICI Bank forecasts gold prices to be between $4,200 and $4,600 per ounce internationally and ₹1.40 lakh to ₹1.60 lakh per 10 grams in India for the remainder of 2026.
- •The bank predicts global gold prices could reach $5,000 per ounce in the first half of 2027.
- •Medium-term investment demand, central bank purchases, and geopolitical uncertainties are expected to support gold prices.
- •The September decline is attributed to tight US monetary policy, inflation, and rising crude oil prices, but the bank expects a long-term increase.
Key Questions Answered
According to ICICI Bank's research report, domestic gold prices in India are expected to range between Rs 1.40 lakh and Rs 1.60 lakh per 10 grams for the remainder of 2026.
ICICI Bank forecasts that international gold prices will stay between $4,200 and $4,600 per ounce for the rest of 2026, and could climb to between $4,600 and $5,000 per ounce in the first half of 2027.
The sharp drop in September gold prices was driven by tight US monetary policy, inflation concerns, rising crude oil prices, and strong US employment data.
