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The question that is constantly being discussed among investors regarding gold prices is whether gold can create a new record by 2026. World Gold Council CEO David Tait believes that the rise in gold is not temporary but is linked to strong economic reasons. According to him, due to global debt and financial instability, gold can reach close to the level of Rs 2 lakh.
New Delhi. A big question remains among investors regarding gold prices, can gold touch the level of Rs 2 lakh per 10 grams by 2026? World Gold Council CEO David Tait has given important indications on this question. He believes that the current rise in gold is not due to any one war or temporary incident, but is linked to deep and long-term economic reasons. This is the reason why the shine of gold may become brighter in the coming years.
Global debt becomes the root of gold’s rise
According to David Tait, increasing government debt around the world is the biggest reason for increasing gold prices. He said that tariffs, trade disputes or temporary economic turmoil are just ‘side shows’. The real problem is that many countries are spending more than necessary and are failing to control it. When financial stability is weak, investors turn to gold as a safe option.
6 big reasons behind the boom till 2026
David Tait enumerated six important reasons for a strong rise in gold by 2026. These include increasing demand from deregulation in China, weakness of global currencies, persistent geopolitical tensions, trade and tariff-related pressures, increasing nuclear risks and deteriorating financial and fiscal conditions. According to him, all these factors together will support gold prices for a long time and there is little chance of stagnation.
Even $6,000 per ounce level is not impossible
Regarding prices, Tait said that by 2026, gold can reach $6,000 per ounce i.e. about Rs 1,92,800 per 10 grams. If seen from the Indian market, this figure can go up to around Rs 2 lakh after adding taxes and other charges. He made it clear that unless there is a substantial reduction in global debt, there is very little chance of the gold rally stopping.
Increasing interest from Central Bank and investors
David Tait also said that central banks around the world can further increase their gold reserves in the coming times. Along with this, the demand from common investors and institutional investors is also expected to increase gradually. In search of safe investment and in an environment of economic uncertainty, gold remains a reliable option. This is why experts are keeping a very positive outlook on gold till 2026. This signal given regarding gold can prove to be important for investors in deciding the strategy for the coming years.
