Gold Price Shock: Will Prices Soar 32% by Year-End After Historic Drop?

• Gold prices saw a historic drop of 22,800 rupees per pound in 4 days, bringing relief to the middle class.
• Investment banking firm JP Morgan predicts a significant change, forecasting gold to reach $6,300 per ounce by year-end, a 32% increase.
• Currently, global gold prices have fallen from $5,500 to $4,700 per ounce, trading at $4,767.
• JP Morgan also estimates central banks will purchase 800 tons of gold in 2026.
• Silver prices have increased by $80 per ounce since December, but JP Morgan advises caution due to unclear reasons for the surge.

Why It Matters: Despite a historic drop, experts predict gold prices will surge by 32% by year-end.