Gold all set to hit ₹1.9 lakh per 10 gm, says WGC Chief

Kolkata: The multi-year gold rally is showing little signs of abating, with prices likely to remain elevated through 2026 and potentially approach $6,000 an ounce (about ₹541,920 an ounce, and ₹1.90 lakh per 10 gram), said World Gold Council chief executive David Tait. One ounce of gold is equivalent to 28 gm of the precious metal.

"There are strong indicators for continued high gold prices in 2026," Tait said. "Many are projecting $6,000, and frankly, that figure feels very close given the prevailing conditions."

On Wednesday, gold traded at $4,321 per ounce, up 60% YoY.


Tait said the rally is being driven by a host of structural forces rather than short-term shocks. These include anticipated deregulation in China, a massive generational wealth transfer in Japan and increasing adoption of ETFs and other gold investment products.