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Gold Price Prediction: China Gold Buying Spree To Push Prices To Rs 2 Lakh By 2027
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News18•16-10-2026, 13:25
Gold Price Prediction: China Gold Buying Spree To Push Prices To Rs 2 Lakh By 2027
- •China imported over 1000 tonnes of gold in the first eight months of 2026, setting a massive record.
- •The strategic move is part of China's plan to reduce its over-reliance on the US dollar.
- •A prolonged real estate crisis in China has driven both households and companies to invest heavily in gold.
- •Experts predict that soaring global demand could push gold prices past Rs 2 lakh per 10 grams by 2027.
Key Questions Answered
China imported a record-breaking 1,000 tonnes of gold valued at $158.8 billion between January and August 2026, surpassing its entire previous year's record of 886 tonnes.
According to Julius Baer Group analyst Carsten Menke, China's massive gold hoarding is part of a strategic plan to decrease its over-reliance on the US dollar, viewing gold as a secure and alternative reserve asset.
Financial experts predict that driven by rising global demand, heavy central bank purchases, and domestic festive trends, gold prices could cross Rs 2 lakh per 10 grams by 2027.
