JP Morgan’s prediction states that the price of gold can increase by 40% in the coming months. If the forecast turns out to be true, a new record will be set in the Indian markets as well. (Image: Pexels)

As per JP Morgan, the price of gold could reach an average of $6000 per ounce by the fourth quarter of this year. By the end of 2027, the price could reach around $6300 per ounce. Considering the current leavel, this is likely to increase by nearly 40%. (Image: Pexels)

In 2026, the biggest challenge for the yellow metal has been the tensions surrounding Iran and the subsequent developments. The prices have fallen by 20% since the end of February. Rising tensions between the US, Israel and Iran have pushed up crude oil prices. The increase in oil prices has also raised concerns about rising inflation. This has led to market confidence that the US Federal Reserve Bank can keep interest rates high for a long time. (Image: Pexels)

Notably, gold does not earn interest. Hence, when interest rates remain high, investors turn to bonds and other interest-paying assets, keeping gold under pressure. Other factors like The Federal Reserve’s policies, a strong dollar, inflation, geopolitical tensions and central bank purchases are keeping gold in a limited range. (Image: Pexels)

According to JP Morgan, gold is currently stuck between two important levels. On one hand, the 200-day moving average is providing strong support. On the other, resistance remains around the 50-day moving average. Due to this, investors are currently adopting a wait-and-watch strategy. (Image: Pexels)

JP Morgan believes that several factors can provide good support to gold. Inflation may remain high for a long time and the purchasing power of the dollar may weaken. America’s economic challenges are increasing along with uncertainties in its policies. Furthermore, geopolitical tensions and polarization are also accelerating in the world. These factors can provide support to gold. Moreover, many central banks around the world are continuously buying gold. The move is considered a major support for gold prices. (Image: Pexels)

If the prediction turns out to be true, gold price in the Indian market could reach around Rs 2.13 lakh per 10 grams. (Image: Pexels)