Gold Price Shock: UBS Predicts $6,200/Ounce by 2026, Rs 2 Lakhs Per 10 Grams

• UBS estimates gold prices could reach $6,200 per ounce by 2026, translating to approximately Rs. 2 lakhs per 10 grams in India.
• Analysts predict a significant increase of an additional $1,000 per ounce by next June due to potential Fed rate cuts and rising market demand.
• Global reserve banks are increasing gold stockpiles, with purchases expected to rise from 863 metric tons in 2025 to 950 tons in 2026.
• Political tensions (US-Iran) drive investors to gold as a safe haven, while a weaker US dollar and lower interest rates further boost prices.
• A demand-supply gap, with large mines nearing depletion and slow new production, is expected to push gold prices to new heights.