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Will gold prices surge by 2027? Here is what experts predict
- •A Financial Times report indicates that central bank gold purchases are steadily increasing.
- •Central banks purchased approximately 63 tonnes of gold in September, the highest since November 2024.
- •Gold prices could exceed Rs 2 lakh per 10 grams in the Indian market over the next two years.
- •Geopolitical tensions and economic fluctuations are driving safe-haven investments like gold.
Key Questions Answered
Financial reports and major financial institutions like JP Morgan project that gold prices could reach new record highs by 2027, with international prices potentially hitting $5,000 per troy ounce, and exceeding Rs 2 lakh per 10 grams in the Indian market.
According to final data from the World Gold Council compiled using information from central banks and the IMF, central banks purchased approximately 63 tonnes of gold in September, marking the highest monthly purchase volume since November 2024.
In the domestic market, the strengthening of the rupee alongside a decline in physical demand for gold and silver impacted prices, causing gold in New Delhi to drop by Rs 900 to Rs 1.49 lakh per 10 grams and silver to fall by Rs 6,000 to Rs 2.15 lakh per kilogram.
