Gold prices continue to keep buyers and investors on edge as volatility dominates the global market. After touching historic highs last week, prices briefly corrected before jumping again today. Now, a fresh forecast from global investment banking giant JP Morgan has intensified discussions in the bullion market. The bank predicts that gold prices could surge sharply in the coming years, potentially pushing Indian gold rates beyond ₹2 lakh per 10 grams.
JP Morgan’s Bold Gold Price Forecast
Analysing ongoing global market instability, JP Morgan projected that international gold prices may reach $6,300 per ounce by the end of 2026. This estimate surprised many market observers, as it suggests a much stronger rally than earlier forecasts. If this prediction materialises, analysts believe Indian gold prices could comfortably cross the ₹2 lakh mark for 10 grams in the domestic market.
The investment bank described the recent price dip as temporary. It stated that long-term fundamentals continue to favour gold, especially during uncertain economic conditions.
Why Global Demand for Gold Is Rising
JP Morgan highlighted a major shift in global investment behaviour. Central banks across several countries now prefer holding gold as part of their reserves. Many institutions are moving away from paper assets and turning toward real assets like gold for stability.
Ongoing geopolitical tensions, inflation risks, and unpredictable monetary policies have strengthened gold’s appeal as a safe-haven asset. According to the bank, these factors support a strong bullish outlook for gold over the long term.
Hyderabad Gold Rates See Sharp Jump Today
Gold prices in Hyderabad rose sharply today, reflecting the broader global trend. The price of 24-carat pure gold increased by ₹6,600, pushing the rate to ₹1,60,530 per 10 grams. Meanwhile, 22-carat gold climbed by ₹6,050, adding pressure on buyers planning purchases.
Jewellers reported cautious buying sentiment, as many customers expect further price hikes in the coming months.
What This Means for Investors and Buyers
Market experts believe investors may continue to favour gold for long-term security. However, rising prices could delay buying decisions among retail consumers. If global conditions remain unstable, gold may maintain its upward momentum.
For now, all eyes remain on global cues and central bank policies, as they will play a crucial role in determining whether gold truly races toward the ₹2 lakh milestone.
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