BusinessHSBC Lowers Gold Price Forecast Ahead of Dhanteras and Diwali
Gold prices have fallen significantly from recent record highs amid global uncertainties and rising US bond yields. HSBC has lowered its average gold price forecast for 2026 to $4,490 per ounce (about ₹1,48,624 per 10 grams) and for 2027 to $4,825 per ounce (around ₹1,59,724 per 10 grams). Currently, spot gold trades at $4,184.45 per ounce, down 2% this week. Central banks may resume buying if gold nears $4,000 per ounce, potentially boosting demand.
Aaj Tak·


