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?

Gold price today: Due to the tariff in the international market, there is a huge increase in gold prices continuously amidst the upheaval. The price of 10 grams per 24 carat gold was Rs 93,350, with its price to Rs 96,000 after imposing additional Goods and Service Tax (GST). The price of gold futures at the Multi Commodity Exchange (MCX) on Friday increased to Rs 93.340. Meanwhile, due to the conflict between the world’s two economic axis America and China, the trend of people is moving towards the purchase of gold.

According to the data released by the Indian Bullion and Jewelers Association (IBJA), 22 carat gold is priced at Rs 91,110 per 10 grams, while 20 carat gold is Rs 83,080, 18 carat gold is Rs 75,620 and 14 carat gold is Rs 60,210. In 2025, the price of gold has increased by about 20 percent to 10 grams of 16 thousand rupees per 10 grams.

Gold will cross one lakh

Experts believe that on the occasion of Akshay Tritia falling on April 30 this year, the possible price of gold will cross 1 lakh. The Economic Times, citing Jatin Trivedi, VP of Commodity and Currency in LKP Securities, said- Gold prices remain between 94,500 and 95000 at this time on support level 92,000. However, he did not say that the price of gold will cross one lakh on Akshay Tritia.

He said that at this time, domestic and international markets are being purchased more than estimated. The price of gold on comex remains at $ 3,240 to $ 3,260. Whereas in India, between 94,000 and 92,000 per 10 grams of India.

Market instability increased demand

The Economic Times, citing Commodity and Currency Head, analyst Anuj Gupta in HDFC Securities, also hoped to move forward gold. However, he said that the price of gold will cross 1 lakh by the end of April, it is too early to say.

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Gold price today: Today, on April 4, 2025, there has been a huge decline in the price of gold. On the one hand, where investors are benefiting, the pressure on consumers has increased. An analyst of Morningstar in the US has predicted a decline in gold prices by 38 percent in the coming years.

The price of gold may be so low

Today, the price of 10 grams of 24 carat gold in domestic markets is Rs 90,000, while in the global market it is priced more than $ 3,100. With a possible decline of about 40 percent, its price can reach about 55,000 rupees per 10 grams in Indian markets in the coming time. Morningstar strategist John Mills hopes that gold prices will fall from the current $ 3,080 an ounce to $ 1,820 an ounce, which is a huge fall in gold prices.

The price was increased due to this

There were many major reasons behind the rise in the price of gold in recent times such as economic uncertainty, the possibility of inflation, geopolitical tension, American tariffs, etc. Due to this, there was a lot of demand for gold in the form of safe investment. However, now there are many factors that can reduce prices.

Why will the price be low?

Increasing gold supply- Gold production has increased considerably. In the second quarter of 2024, mining profits reached around $ 950 an ounce. The global store of gold has also increased by 9 percent to 2,16,265 tonnes. Australia has increased the production of gold a lot and the recycle gold supply has also increased.

Demand reduction- Last year, demand may be reduced from central banks who buy 1,045 tonnes of gold. A survey by the World Gold Council has revealed that 71 Central Banks are planning to reduce or maintain their gold reserves.

Market Seturation- In the year 2024, there has been an increase of 32 percent in merger and acquisition in the sector of gold, which is a sign of peak in the market. Apart from this, the increase in gold-supported ETFs reflects patterns that were seen last time at the time of prices.

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