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Will gold prices cross 2 lakh or drop to 1.05 lakh per 10 grams
- •According to the London Bullion Market Association survey, gold prices could reach 7,000 to 7,150 dollars per ounce by the end of 2026.
- •Based on exchange rates, this international estimate translates to approximately 2.22 lakh rupees per 10 grams in India.
- •Key factors driving potential price increases include global uncertainties, wars, central bank purchases, and US Federal Reserve interest rates.
- •The most pessimistic estimate in the survey suggests prices could drop to 3,450 dollars per ounce, which means 10 grams could fall to around 1.05 lakh rupees in India.
Key Questions Answered
According to the London Bullion Market Association (LBMA) survey, gold prices could potentially reach $7,000 to $7,150 per ounce. Based on exchange rates, experts estimate this could equate to approximately Rs. 2.22 lakh per 10 grams in India.
International gold prices are driven higher during times of war and uncertainty when investors seek safe-haven assets. Additional supporting factors include increased gold reserve purchases by central banks, lower US Federal Reserve interest rates, and a weakening US dollar.
The most pessimistic estimate in the LBMA survey suggests gold prices could drop to $3,450 per ounce. Currency exchange calculations indicate this low probability scenario could translate to roughly Rs. 1 lakh to Rs. 1.05 lakh per 10 grams in India.
