Editor’s Note
This article discusses speculative forecasts about gold price movements. Readers should be aware that all market predictions involve significant uncertainty and risk. We encourage investors to conduct thorough research and consult with qualified financial advisors before making any investment decisions.
Gold Price Prediction: Will gold prices fall further? Or will they rise? What will be the trend of gold prices in the future? What will happen by the end of this year? These are the questions currently on the minds of gold enthusiasts. In such an uncertain environment, a shocking report on gold prices has created a sensation.
This is precisely the situation with gold and silver prices. Gold lovers, who were amazed by the sky-high prices of gold, have been equally shocked by the sharp decline in gold prices. The price of gold per kilogram has fallen by 31,000 rupees in just four days. This is the biggest decline in history.
Gold enthusiasts who have witnessed this decline are debating whether gold prices will fall further? Or should they buy gold now? Is there any possibility of a rebound? The latest prediction from investment banking company JP Morgan has become sensational. Currently, the price of an ounce of gold in the global market has fallen from $5,500 to $4,700. It is currently trading at around $4,767. In just a few days, it has fallen by more than $700. In India, the price of one pound of gold is 1,47,170 rupees.
However, JP Morgan estimates that by the end of this year, the price of an ounce of gold will reach $6,300. This means that gold prices are expected to increase by another 32 percent from current prices. Based on this calculation, the price of gold per ounce is likely to easily reach 2 lakh rupees. JP Morgan has explained the reasons for such a rise in gold prices. JP Morgan estimates that prices will rise due to demand from central banks and investors.
JP Morgan estimates that central banks will buy 800 tonnes of gold in 2026.
On the other hand, JP Morgan said about silver that silver prices have rallied from $80 per ounce since last December. It has become difficult to identify and accurately assess the reasons for this rally, and it is necessary to be more cautious. The price of silver, which was once over $120, has now fallen to $80. Currently, it is trading around $81.
JP Morgan Chase & Company said the gold-silver ratio could increase further in the coming weeks, as central banks are not as active buyers of silver as they are of gold.
