Gold Price Prediction: Will Gold Fall by Rs 40,000? Sensational Forecast for Buyers!
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News18•31-01-2026, 17:47
Gold Price Prediction: Will Gold Fall by Rs 40,000? Sensational Forecast for Buyers!
- •Global strategist Amit Goyal predicts a potential fall in gold prices by Rs 40,000 per tola by October 2026.
- •The forecast suggests gold could drop to $3,800 per ounce internationally, translating to Rs 1.2 lakh per tola in India.
- •Monday's performance is crucial: if gold fails to regain $4,900, a long-term decline is expected.
- •Strengthening US dollar and potential interest rate hikes could reduce gold's appeal as a safe haven, driving prices down.
- •Investors are advised caution, while buyers are encouraged to wait for stabilization, as small increases might be 'dead cat bounces'.
Why It Matters: Gold prices could significantly drop by October 2026, offering a buying opportunity but warning investors.
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