Introduction to Gold Rate Forecast
On Choti Diwali, the bullion markets across the country witnessed significant fluctuations in gold and silver prices. The price of 24-carat gold has surpassed ₹1.31 lakh per 10 grams, while silver has reached ₹1.90 lakh per kilogram. The question on many people’s minds is whether gold prices will decrease after Diwali and Chhath Puja.
Current Gold Price Trend
Leading bank HSBC has made its own forecast regarding the price of gold. HSBC Bank says that gold prices could reach $5,000 per ounce by the first half of 2026 due to factors such as rising tensions worldwide, economic uncertainty, and the influx of new buyers into the market. Currently, the price of gold in the international market is slightly over $4,000 per ounce. This means that even after Diwali and Chhath Puja, gold and silver prices are expected to continue rising.
Factors Contributing to Rising Gold Prices
The bank also stated that the rise in gold prices is due to heavy gold purchases by central banks, increased investment in ETFs, and expectations of lower interest rates in the US. Recently, spot gold prices crossed $4,300, marking the most substantial weekly gain for gold since December 2008. The increase in gold prices can be attributed to various market and economic factors that are influencing investor behavior.
Gold Price Projections
HSBC estimates that gold prices will remain high until early 2026. However, some softening or fluctuations in prices may be observed in the second half of the year. The bank’s report states that this upward trend is likely to continue until the first half of 2026, with gold prices potentially reaching a high of $5,000 per ounce. Currently, the price of 24-carat gold remains at ₹130,910 per 10 grams in most cities across the country, while the cost of 22-carat gold is over ₹98,290.
Conclusion
In conclusion, gold prices are expected to continue rising after Diwali and Chhath Puja, with forecasts suggesting a potential high of $5,000 per ounce by the first half of 2026. The rise in gold prices is attributed to various market and economic factors, including heavy gold purchases by central banks and increased investment in ETFs. As the gold market continues to experience fluctuations, investors and buyers are advised to stay informed about the latest trends and forecasts to make informed decisions.
