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Gold Price Forecast: Expert Predicts Gold Could Double, Exceed 3 Lakh Rupees
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Gold Price Surge: Experts Predict Gold to Cross 3 Lakh, Could Double in 5 Years
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CNBC Awaaz
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03-03-2026, 11:44
Gold Price Surge: Experts Predict Gold to Cross 3 Lakh, Could Double in 5 Years
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Global markets affected by America-Israel-Iran conflict, impacting equity, commodity, and real estate.
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Chris Wood, Global Head of Equity Strategy at Jefferies, predicts gold could reach $10,000 per ounce in five years, doubling current prices.
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In India, gold prices, currently above 1.65 lakh per 10 grams, could exceed 3 lakh rupees.
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Geopolitical risks and central bank buying are driving gold's strong bull market, exacerbated by Middle East tensions.
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Elara Capital report suggests gold could hit $6,000 per ounce if West Asia tensions escalate, with US President indicating a prolonged conflict.
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