Gold Prices India to Keep Rising; Here’s Where They Could Reach by 2026

Gold Prices India:
Gold prices in India are rising rapidly, and many investors are closely watching the global trends. According to the global investment bank Goldman Sachs, gold prices are expected to reach $4,900 per ounce by December 2026, a significant jump from its previous forecast of $4,300. This upward revision suggests that gold will continue to perform strongly in the coming years.

Gold Prices India:

As per a Reuters report, Goldman Sachs stated that strong inflows into Western gold-based Exchange-Traded Funds (ETFs) and continued purchases by central banks are key reasons for the ongoing rise in gold prices. The bank’s analysts believe that private sector investments entering the gold market could further increase ETF holdings, pushing gold demand even higher.

Currently, the spot price of gold is around $3,960 per ounce, touching an intraday high of $3,977.19. So far in 2025, gold has already shown a rally of about 51%, supported by multiple global factors such as geopolitical tensions, a weak US dollar, and higher central bank purchases.

Goldman Sachs estimates that central banks will buy an average of 80 metric tons of gold in 2025 and around 70 tons in 2026. Developing market central banks are expected to play a major role in diversifying their reserves by increasing gold holdings. The bank also noted that a possible 100 basis points cut in US Federal Reserve interest rates could make gold, a non-yielding asset, even more attractive to investors.

Commodity expert Rahul Kalantri from Mehta Equities added that both gold and silver have touched all-time highs. In India, gold support levels are estimated at ₹1,19,600–₹1,19,280, while resistance levels are expected at ₹1,20,850–₹1,21,400.

The overall sentiment toward gold remains positive. Despite its recent surge, analysts suggest the metal is not in a speculative zone but rather showing stable growth. With continued global uncertainties and central bank interest, gold may continue to shine brighter in the years to come.

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