Gold Prices May Reach $4,800-$5,000 Amid Central Bank Buying

Gold prices remain high due to strong demand and central bank buying. Central banks like China and Poland are continuing to purchase gold, supporting the precious metals market. Vandana Bharti, Head - Commodity Research at SMC Global Securities, spoke to Business Today about her expectations for gold prices in 2026. According to Bharti, international gold prices may reach $4,800, $5,000 by year-end. In India, this could translate to MCX gold potentially moving towards ₹1.7 lakh, ₹1.8 lakh by the end of 2026.

The market is also being supported by fourth-quarter demand and elevated crude oil prices. The weaker rupee has also had a positive impact on gold prices. Bharti's predictions are based on current trends, but it's essential to note that market fluctuations can be unpredictable.