Gold Price Shock: $4,800/ounce Record High, Experts Predict Rs 2 Lakh by 2026

• Gold prices hit a new all-time high, surpassing $4,800 per ounce in the international market due to geopolitical tensions and safe-haven demand.
• Analysts predict gold could reach $5,000 per ounce by 2026, driven by anticipated US interest rate cuts and easing Federal Reserve monetary policy.
• In India, gold prices are expected to range between Rs 1.40 lakh and Rs 1.60 lakh by end of 2026, with a possibility of reaching Rs 2 lakh under drastic circumstances.
• ICBC Standard Bank's Julia Do suggests gold could even hit $7,150 per ounce if current global conditions persist.
• Goldman Sachs maintains gold as their 'highest conviction trade,' citing strong central bank purchases and increasing private investor participation, including in gold ETFs.

Why It Matters: Gold prices are soaring to record highs globally, with experts forecasting continued growth and potential to reach Rs 2 lakh in India by 2026.