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Gold Price Trends: Will Gold Prices Fall Before Diwali And What To Expect In 2027?
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News18•07-10-2026, 12:27
Gold Price Trends: Will Gold Prices Fall Before Diwali And What To Expect In 2027?
- •After a sharp decline since early October, gold prices saw an increase today with 22-carat gold rising by Rs. 50 per gram to sell at Rs. 13,710.
- •The US Federal Reserve monetary policy meeting scheduled for October 28 is causing caution among institutional investors and profit-booking.
- •Silver prices remain unchanged at Rs. 245 per gram and Rs. 2,45,000 per kilogram.
- •Despite global economic uncertainties, inflation, and trade tensions, the strong demand for gold has not slowed down.
- •Baba Vanga predicts a global financial crisis in 2027 which could disrupt the banking system and push gold prices up by 25% to 40%.
Key Questions Answered
Uncertainty regarding interest rates ahead of the US Federal Reserve's monetary policy meeting on October 28 caused institutional investors to remain cautious, leading to profit-booking in gold and subsequent price declines.
JPMorgan predicts that international gold prices could reach $4,500 per ounce by the end of 2026 and rise to $5,000 per ounce by the middle of 2027.
Baba Vanga predicted a global financial crisis or cash crunch in 2027 that could affect traditional banking systems, causing gold prices to rise by 25% to 40%.
