Gold price forecast india 2026 current market data and historical

Current market data and historical correlation with USD index suggest the gold price forecast India 2026 could touch ₹72,000 per 10g by Q3 2026, especially if Federal Reserve rate cuts align with India’s rising consumption demand during festive seasons. "With the RBI policy stance being at 'neutral', it is difficult to think of a deep rate cut cycle from here," said Samiran Chakraborty, economist at Citi. "But we think the MPC will utilise the space that has opened because of the softer-than-expected CPI prints." Jewellery is displayed at the Gold Souk market in Dubai, United Arab Emirates, March 14, 2025. REUTERS/Amr Alfiky Purchase Licensing Rights , opens new tab Technical charting, including Fibonacci retracement levels, indicates the gold price forecast India 2026 has strong support at ₹65,500 and resistance near ₹75,