Gold Rate Today:According to Goldman Sachs’ study of more than 900 clients, approximately 70% of global institutional investors expect gold prices to rise further next year.
While the prices of yellow metal have risen by 61% this year, topping USD 4,000 for the first time, owing to central bank purchases and anticipation of interest rate cuts, much of this year’s surge, as well as previous ones, has been fuelled by large-scale buying, particularly by central banks, as stated by Goldman.
In India, the prices of gold have seen significant volatility, as after surging to an all-time high, it witnessed a decline last month.
Considered an ideal inflation hedge, 24-carat gold is the most expensive form of gold and is commonly used for investment purposes.
In contrast, 22-carat gold and 18-carat gold are primarily utilised for jewellery.
Gold price forecast 2026 emerges as a top search term on Google, signalling rising curiosity about the coming year’s gold market. (Screenshot)
Gold rate in India today, on December 1 (INR):
The price in India for 24K gold is trading at Rs 13,048 per gram, up by Rs 66, while 22K gold is priced at Rs 11,960 per gram, up by Rs 60. 18K gold is valued at Rs 9,786 per gram, up Rs 49.
