Stories
Gold Price: New Record in India! Where Will 10 Grams Go by Diwali? ICICI Bank's Shocking Forecast!
N
News18•27-09-2026, 12:02
Gold Price: New Record in India! Where Will 10 Grams Go by Diwali? ICICI Bank's Shocking Forecast!
- •ICICI Bank's research report estimates gold prices to range between $4,200-$4,600 per ounce internationally and ₹1.40 lakh-₹1.60 lakh per 10 grams in India for the remainder of 2026.
- •Global gold prices could reach $5,000 per ounce in the first half of 2027, according to ICICI Bank's projections.
- •Investment demand, continuous central bank buying, and gold's role as a hedge against geopolitical, economic, and policy uncertainties will support prices.
- •After a 9% increase in August, gold prices fell by almost 8% in September, but this temporary decline will not stop the long-term upward trend.
- •Concerns about the US fiscal deficit and rising government debt, along with central banks diversifying away from the dollar, will continue to support gold prices.
Key Questions Answered
According to ICICI Bank's research report, gold prices for the remainder of 2026 are estimated to range between $4,200 and $4,600 per ounce globally, and between ₹1.40 lakh and ₹1.60 lakh per 10 grams in India.
The drop in gold prices during September was attributed to strict US monetary policy, inflation concerns, high crude oil prices, and strong US employment data.
ICICI Bank's research report estimates that global gold prices could reach between $4,600 and $5,000 per ounce in the first half of 2027.
