Gold prices in India are facing a downward trend after hitting record highs earlier this year. Market experts have released a significant forecast for the near future. According to Amit Goyal, Chief Global Strategist at PACE 360, gold rates could drop drastically by the end of 2027. The estimated price range is expected to be between 90,000 and 1,00,000 rupees per 10 grams.
Current Gold Rates and Recent Fall
The market is currently correcting itself after a historic peak in January 2026. The prices have come down significantly in a very short period. This drop has provided some relief to buyers who were watching the rates climb daily.
- Record High: 1,80,779 rupees per 10 grams in Jan 2026
- Current Price: Approx 1,56,200 rupees (Feb 17, 2026)
- Total Drop: About 24,500 rupees from the peak
International markets are also seeing a similar trend. Gold has dropped from a high of $5,626 per ounce to around $5,000 per ounce currently.
Why are experts predicting a crash?
The primary reason for this predicted crash is a potential policy shift by Russia. Reports indicate that Russia might go back to using the US Dollar for trade partnerships with America. This move is seen as a setback for the BRICS nations’ plan to move away from the dollar.
Previously, gold prices were rising because central banks of BRICS countries were buying gold in large quantities. If these banks stop buying or begin selling their reserves, prices will naturally fall. Experts believe international gold rates could go down to $3,000 per ounce if this happens.
Advice for Investors and Common Buyers
Financial advisors are suggesting that investors should be careful. The current market condition is volatile. Experts recommend looking at government bonds as a safer option for long-term investment right now.
For the common man planning to buy jewellery, the market is in a ‘wait and watch’ mode. While prices have fallen from the 1.80 lakh level, the prediction of gold reaching 90,000 rupees by 2027 suggests that more corrections might be on the way.
