Editor’s Note
This article discusses a bold prediction from UBS, forecasting that gold could reach $6,200 per ounce by 2026. While such projections can highlight long-term trends, they are inherently speculative. Investors should consider them as one of many potential scenarios and base decisions on comprehensive research and personal financial goals.
Global brokerage firm UBS has predicted that by 2026, the price of gold could reach $6,200 per ounce, which is approximately 2 lakh rupees per 10 grams.
According to UBS data and reports, gold prices are set to soar in the coming months. It is estimated that in the international market, gold could surpass the level of $6,200 per ounce. Converted to Indian currency, this works out to approximately ₹1,98,484 per 10 grams. This means that the price of gold in the country could soon approach 2 lakh rupees.
The report states that for the past few years, central banks worldwide have been accumulating gold reserves. According to UBS, banks purchased 863 metric tons of gold in 2025, which is expected to increase to 950 tons in 2026. With such strong demand, a price increase is inevitable.
Rising geopolitical tensions between the US and Iran have spooked investors. Expectations of interest rate cuts by the US Federal Reserve are also cited. When interest rates fall and the dollar weakens, gold prices tend to skyrocket.
While demand is increasing, the supply of gold is gradually decreasing. The report indicates that several major mines are now in their final phase, and new production is not growing fast enough. This gap between demand and supply will propel gold to new heights.
However, UBS also stated that after touching the $6,200 level by mid-2026, prices could see minor consolidation by the end of the year and may stabilize around $5,900. Nevertheless, this would still be significantly higher than current prices.
