Experts Forecast Gold Price Surge Despite Goldman Sachs Target Cuts

Commodity experts and investment banks are projecting significant long-term growth for gold, though short-term forecasts vary based on U.S. monetary policy. Renisha Chainani of Augmont estimates that MCX gold could reach approximately Rs 1,75,000 per 10 grams, or nearly $4,950 internationally, by Dhanteras 2027. This bullish outlook is supported by continued central bank buying and a potential shift by the U.S. Federal Reserve toward cutting rates in 2027.

Conversely, Goldman Sachs recently lowered its gold price forecasts, reducing its end-2026 target to $4,150 per ounce and its end-2027 target to $4,800. The bank cited a hawkish shift by the Federal Reserve and an expected interest rate hike in December as primary drivers for the reduction. Despite these cuts, the firm maintains a constructive long-term view, expecting central banks to purchase roughly 60 tonnes of gold per month through 2027.

Market analysts suggest that while U.S. inflation and a stronger rupee could delay rallies, gold remains a strong hedge. Experts recommend a core portfolio allocation of 15–20% in gold, advising investors to use gold ETFs or mutual funds for investment purposes rather than physical jewelry.