By Admin 
Gold Price Forecast: Gold prices are continuously increasing. The situation is that even before Diwali, the gold price has crossed Rs. 1.25 lakh. The price of gold has increased by Rs 6000 in just three days. Here, people are sitting waiting for the price of gold to fall. Customers’ hopes of gold becoming cheaper will once again be dashed when they come to know about a report.
Goldman Sachs increased the target price
According to a research note published on Monday, brokerage firm Goldman Sachs has predicted further increase in the price of gold by December 2026. The brokerage says that in the coming time, gold will increase from $ 4,300 to $ 4,900 per ounce. The reason for this rise in the price of gold is being attributed to the increase in investment in gold-backed ETFs in western countries and the continuous purchase of gold by central banks.
Can gold prices increase?
Goldman says, given our upgraded forecast for the price of gold, the risk is still high on the upside. That is, the brokerage says that since the gold market is still not very big, the amount of gold trading and investment is limited. Most of the big investors or governments invest money in this, but if among them now private sector companies, funds, and individual investors also start investing in gold, then there will be a sharp increase in the demand for gold. Goldman Sachs also expects the Federal Reserve to cut interest rates by 100 basis points by the second quarter of 2026, which will further increase demand for ETF holdings in Western countries.
These are also the reasons for the rise in prices
Goldman estimates that during this period, central banks will continue to increase the share of gold in their foreign reserves. Due to this, the central bank can purchase about 80 metric tons of gold in the year 2025 and about 70 metric tons in 2026. Spot gold has surged 52 percent so far this year amid strong buying by central banks, increasing demand for gold-based ETFs, weak dollar and increasing interest of retail investors to hedge against trade and geopolitical tensions.
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Gold crossed Rs 1.25 lakh even before Diwali, price increased by Rs 6000 in three days; Now what next?