By Admin 
Gold Prices: Gold prices in India continued to rise for the third consecutive day on Wednesday, January 7. This surge in gold prices came after the US air strikes in Venezuela. Due to this the demand for safe investment increased once again. During this period, the prices of 24 carat gold increased to about Rs 36,000 per 100 grams, which is close to its record high level of Rs 1,40,000. This rise in gold prices has once again created problems for its buyers.
What are the experts saying?
A tremendous rise in gold prices was seen in the year 2025. By the end of the year, gold crossed the level of $ 4500 per ounce. By January 7, 2026, spot gold was seen trading around $ 4,440 an ounce in the international market. Due to profit taking, the prices have declined slightly from the peak of $4549, but the underlying trend still remains bullish.
Investors are currently keeping a close eye on the resistance level of $4450. Most experts are expecting gold prices to remain between $4500 to $5000 per ounce for the year 2026. Morgan Stanley has also set a bullish target of $ 4800 per ounce for gold by the fourth quarter of 2026. Let us tell you that one ounce is equal to 31.1 grams.
How much is the possibility of price increase?
If tension between Venezuela and America continues to increase in the coming days, its effect may be visible on gold prices. Since buying gold is a safe investment, the demand for safe-haven may increase amid geopolitical tension. Apart from this, many central banks around the world are aggressively buying gold because they see gold as a diversification tool.
Bank of America analysts, led by Michael Widmer, expect the average price of gold to remain at $4538 for the entire year. He made this estimate on the basis of reduction in global supply and increasing cost of production.
Ross Maxwell, global strategy operations lead at VT Markets, said in the short term, increasing uncertainty will mean that silver prices will go up along with gold. “Prolonged instability due to strong industrial demand or a slowdown in global growth could put greater pressure on its price relative to gold.”
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