The long-standing rally in gold prices shows little sign of slowing down. According to David Tait, Chief Executive Officer of the World Gold Council, gold prices are likely to remain elevated through 2026, with the possibility of reaching dramatic new highs.
Speaking on the outlook for the precious metal, Tait said that gold could approach $6,000 per ounce in the coming period. At current exchange rates, this translates to roughly ₹5,41,920 per ounce, or close to ₹1.90 lakh per 10 grams—raising concerns and curiosity alike about whether gold could eventually touch ₹19,000 per gram.
“Strong indicators suggest that gold prices will continue to rise in 2026,” Tait noted. “Many market participants are forecasting levels as high as $6,000 per ounce, and given the current global environment, this appears increasingly plausible.”
On Wednesday, gold was trading at $4,400 per ounce, marking a sharp 60% increase compared to last year. This surge, Tait emphasized, is not the result of short-term shocks but is being driven by deep-rooted structural forces in the global economy.
Key factors supporting the rally include expectations of policy easing in China, a massive intergenerational wealth transfer underway in Japan, and the growing popularity of gold-backed exchange-traded funds (ETFs) and other gold investment products worldwide.
With central banks, institutional investors, and retail participants continuing to view gold as a safe-haven asset, analysts believe the metal’s bullish momentum could persist longer than many anticipate. If these projections hold true, gold’s journey toward record-breaking levels may be far from over—making the coming years crucial for investors and consumers alike.
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