The speed of gold is not taking the name of stopping at the moment. Since the beginning of this year, the prices of gold have been seen by about 51%. On Tuesday, October 7, Spot Gold in the international market reached a record level of $ 3,977.19 an ounce. At the same time, gold was traded on India’s Multi Commodity Exchange (MCX) on all-time high of Rs 1,20,000 per 10 grams. Market experts say that this boom of gold may continue at the moment because many factors are strengthening gold at both domestic and international levels.
Goldman Sachs report: gold will climb more
Global brokerage firm Goldman Sachs has said in its latest report that the speed of gold is not over yet. The firm estimates that by December 2026, gold can reach $ 4,900 an ounce, which shows a further increase of about 23% from the current level. If you look at it in Indian currency, then the price of gold can reach Rs 1.54 lakh per 10 grams. That is, in the next two years, investors are likely to get big returns from gold. Let us know why there can be fast in the coming days.
Expected to cut interest rates
According to Goldman Sachs, gold is getting strong support due to the possibility of a decrease in interest rates in the US. The Federal Reserve can cut about 100 basis points by mid -2026. This step can make ETF investment and faster. According to CME Fedwatch Tool, the market has already priced the possibility of rate deduction of 25-25 basis points in October and December to 93% and 82% respectively.
Impact of diversification in investment strategy
The report said that the diversification strategy of investors is also pulling the gold up. Investors are now increasing investment in gold to avoid the instability of stock markets or bonds.
Growing gold purchases of central banks
According to Bloomberg’s report, the Central Banks of emerging economies are continuously increasing the share of gold in their foreign exchange reserves. Goldman Sachs estimates that in 2025 the purchase can remain up to 80 MT, while in 2026 it can reach 70 tonnes. This step can further increase the demand for gold globally.
Dollar weakness and geopolitical tension
Weak US dollars, rising geopolitical stress, and investors’ inclination towards safe haven assets is also taking gold to new heights. If you trust the report of Goldman Sachs, then by 2026, gold can again become the king of the investment world.
Is it right to invest in gold right now?
Financial experts believe that long -term investment in gold is still safe and beneficial. If the prediction of Goldman Sachs is true, then gold can break all its old records in the coming two years. Gold can become a better long -term option for investors who want to get good returns while keeping their capital safe.
