Business Desk – Gold Price Outlook 2026: There has been a tremendous rise in gold prices in the last few years. At present the price of 10 grams of 24 carat gold is around Rs 1.50 lakh. The demand for gold is expected to increase in the coming months due to the festive and wedding season.
In such a situation, the phase of rising prices may continue further. Gold is expected to strengthen further amid continuous purchases by central banks around the world and changing concerns of investors.
Gold Price Target: Gold can reach 5000 dollars
According to Philip Newman, managing director of Metals Focus, the price of gold could reach $ 5,000 an ounce by the end of 2026. According to him, the level of $ 4,300 per ounce can become a strong support for gold.
Newman says the recent increase in interest rates in the US and another possible increase this year are unlikely to put much pressure on gold. This is because the market has already incorporated the impact of interest rates into prices to a great extent. In such a situation, a big fall in gold is not necessary if interest rates increase further.
America's increasing debt is also raising concerns
Investors' concern regarding America's increasing debt is also becoming an important factor for gold. Such concerns may lead investors towards safer investments. Gold is generally seen as a safe investment option in times of uncertainty.
Gold gets support from purchases by Central Banks
Buying by central banks around the world has played a big role in the rise in gold. According to Philip Newman, good purchases by central banks have been seen in the second quarter and purchases are expected to remain strong in the third quarter as well.
This demand from central banks is supporting gold prices from below. If this buying trend continues further, it may support prices in the global gold market.
Will demand increase due to Festive-Wedding Season in India?
The demand for gold is expected to increase with the upcoming festivals and wedding season in India. However, due to high prices and constant fluctuations, customers are being cautious about purchasing at the moment.
According to Philip Newman, many customers have postponed gold orders rather than canceling them. This may mean that this demand may return to the market once prices stabilize. In such a situation, India's festive and wedding season can also be important for the demand for gold in the coming months.
