The World Gold Council (WGC) on Thursday said gold prices could rise between 15% and 30% in calendar year 2026 from current levels.

In calendar year 2025, gold prices surged by around 53% as investors rushed to the safety of gold in the backdrop of US tariffs and geopolitical concerns.

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The Reserve Bank of India (RBI) purchases of gold and its moves on interest rates also shaped gold’s price trajectory in CY25.

“The combination of falling yields, elevated geopolitical stress and a pronounced flight-to-safety would create exceptionally strong tailwinds for gold, supporting a sharp move higher. Under this scenario, gold could surge 15 to 30% in 2026 from current levels,” the WGC report said.

Investment demand, particularly via gold exchange-traded funds (ETFs), would remain

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