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Gold Price Shock: HSBC Predicts Further Decline Before Festive Season
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News18•02-10-2026, 22:57
Gold Price Shock: HSBC Predicts Further Decline Before Festive Season
- •Gold prices have fallen significantly from record highs and are currently trading within the same range.
- •HSBC Bank has lowered its average gold price forecast for 2026 to $4,490 per ounce (approximately Rs 1,48,624).
- •The average gold price forecast for 2027 has also been reduced to $4,825 per ounce (approximately Rs 1,59,724 per 10 grams).
- •HSBC suggests that if gold prices reach around $4,000 per ounce, central banks and other investors may resume buying.
- •Weaker-than-expected US inflation data has reduced the likelihood of a Federal Reserve interest rate hike, leading to a recent rise in gold prices.
Key Questions Answered
HSBC Bank has lowered its average gold price forecast for 2026 to $4,490 per ounce, which is approximately Rs 1,48,624. For 2027, the average gold price forecast has been reduced to an estimated $4,825 per ounce, translating to roughly Rs 1,59,724 per 10 grams.
According to HSBC's report, if gold prices drop to around $4,000 per ounce, central banks may once again start purchasing gold, potentially re-establishing a buying trend in the market alongside other investors.
Gold and silver prices are pressured by global uncertainties and rising US bond yields. However, weaker-than-expected US inflation data has reduced interest rate hike expectations from the Federal Reserve, causing recent short-term price increases.
