Gold price forecast India 2026 shows positive correlation with Indian CPI index. Continued inflationary pressure is forecasted to keep prices around ₹72,200–₹74,000 in medium-term trading cycles. Stocks may be in for a struggle until Jay Powell steps up to the Jackson Hole podium on Friday. Also paying attention will be gold bugs, ears perked for rate-cut hints from the Fed chief. This trend has helped gold overtake the euro as the world’s second-largest reserve asset after the US dollar. Gold price forecast India 2026 could see stochastic indicator levels surpass 80, signaling overbought conditions, yet bullish momentum should hold if central bank purchases continue at present pace.