Gold Price Outlook: Global brokerage firm UBS believes that even though there is a sharp decline in gold prices right now, there may be a bumper rise in it in the coming time. In its new report, UBS has said that the price of gold in the international market may jump by about 36% from its current level to reach the level of $ 5500 per ounce by the end of the year 2026, i.e. in the next six months.

The brokerage has set a target of $ 5500 per ounce for gold on a long-term basis. UBS has gone so far as to say that if global uncertainty or debt crisis continues further, gold has the potential to reach $7200 an ounce. Let us tell you that currently the price of gold is at the level of $ 3970 per ounce.

Why is brokerage so confident?

Gold has fallen by about 28% so far from its all-time high ($5589) in the month of January this year. However, despite this, UBS has full confidence in the recovery of gold. UBS is so confident of a price rise because central banks around the world – especially China and Uzbekistan – are continuously buying gold to reduce their dependence on the US dollar. If this trend of purchasing 750-1000 metric tonnes of gold continues, then prices will get support at lower levels.

UBS also believes that even though the US Federal Reserve is currently adopting a tough stance on interest rates, as soon as the pace of economic growth slows down, the Federal Reserve will have to cut interest rates. Due to this, gold prices will pick up again. UBS believes that due to the recent fall in prices, there has definitely been an outflow from Gold ETFs, but once the prices fall to lower levels, it is possible that institutional investors may start buying on a large scale. This will increase demand and prices will rise.

How much will the price increase per 10 grams?

According to UBS’s 36% increase in price, the price of 10 grams of gold (1 tola) will increase to around Rs 51500-52000 in the next six months. Currently the average price of gold per 10 grams is Rs 1,44,000. That means in the next six months the price can reach Rs 1,95,840 per 10 grams. That means gold can reach Rs 2,000,00 per 10 grams in the next six months.

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Gold Price Prediction: Meanwhile, there was some reduction in the prices of gold, so people heaved a sigh of relief. But it is once again predicted to reach record high level.

This is because in the coming time, investors will be in alert mode regarding the decision of the Federal Reserve regarding interest rates in America and the MPC meeting of the Reserve Bank. Apart from this, developments like job and inflation figures in America, peace deal between Russia and Ukraine will also be in focus.

Focus on many big developments

According to news agency PTI, Pranav Mer, Vice President, EBG – Commodity and Currency Research, JM Financial Services Limited, said, “Gold is moving out of the consolidation range as investors are paying attention to manufacturing and services PMI data of different regions, US Jobs data and consumer sentiment. Apart from this, Fed Chair Jerome Powell’s speech on Monday, Russia-Ukraine peace talks. Traders will keep an eye on RBI’s development and RBI’s policy meeting on Friday.

Price increased in international market

Gold futures for February 2026 contract on the Multi Commodity Exchange closed at Rs 1,29,504 per 10 grams on Friday, up Rs 3,654 or 2.9 per cent from last week. At the same time, during the last week, Comex gold futures for December delivery in the international market increased by US $ 138.8 or 3.4 percent and on Friday it closed at US $ 4,218.3 per ounce.

Similarly, fluctuations of rupee against dollar and domestic demand in Indian markets have affected the prices of gold. According to Prathamesh Mallya of Angel One, the prices of precious metals remain high due to the festive season, celebration of weddings and continuous buying of jewellery. He also said that it is expected that central banks around the world will continue purchasing gold in the coming times. Experts say that gold may reach record high levels in the coming time because the demand for safe-haven will remain intact amidst expectations of continuous rate-cuts, weakness of the US dollar and geopolitical uncertainties.

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Gold Price Prediction 2026: This year, there has been a tremendous rise in the prices of gold. The price of gold has increased by about 61 percent on an annual basis, due to which it has proved to be the option that gives the highest returns to investors compared to shares, bonds and other investment instruments. However, now the question is being raised in the market whether this rise will continue in the coming time or there will be a decline in gold prices.

analysts estimate

According to ANZ Bank, there may be a huge fall in gold prices next year. The main reasons for gold reaching record levels this year are believed to be geopolitical tension, economic uncertainty, weakness of the dollar and possible cut in US interest rates. Spot gold touched an all-time high of $ 4,225.69 an ounce and then rose 0.4 percent to $ 4,224.79.

Whenever there is uncertainty or crisis in the global markets, investors increase investment in gold as a safe asset. According to the ANZ report cited by Reuters, gold prices may reach $ 4,400 an ounce by the end of this year, while by June 2026 it may go around $ 4,600. However, after this, there is a possibility of a big fall in prices in the second half of next year.

advice for investors

According to the ANZ report, investors will still continue to be attracted towards gold due to factors like political instability, tariff disputes and geopolitical tensions. The report also estimates that silver prices could reach $57.50 an ounce by mid-2026. However, if the stance of the US Federal Reserve (US Fed) becomes tougher or the US economy continues to perform better than expected, then the opposite effect may be seen and gold prices may fall.

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