gold and silver
Gold Price Prediction: If you feel that at present the prices of gold and silver are skyrocketing, then this new report of a Canadian bank may shake the ground under your feet. Canada’s prestigious bank BMO Capital Markets has claimed that in the next few years, the prices of gold and silver will be at levels which are difficult for the common man to even imagine.
Prices will be at a high level by 2027
According to the latest report of BMO Capital Markets, considering the direction in which the global situation is going, the price of gold can reach $ 8,650 per ounce by the year 2027. At the same time, silver will also not lag behind and it can touch the level of $ 220 per ounce.
If we understand this mathematics in Indian currency i.e. rupees, then according to the estimate of the report, by the fourth quarter of 2027, the price of 10 grams of gold can reach around Rs 2.83 to Rs 3 lakh. Even more surprising is the price of silver, whose price is expected to reach Rs 7.20 lakh per kg.
What is the reason for such a huge jump in prices?
Now the question arises that what is the reason for such a huge rise in prices? The bank’s commodity analysts believe that the world’s geopolitical and financial order is changing rapidly. ‘Sell America’ trade has been mentioned in the report. This means that the US dollar and the bond market there are weakening.
Investors are now losing confidence in fiat currency and pressure on government balance sheets is increasing. In such an uncertain environment, investors are running towards gold and silver which are considered ‘safe haven’ to save their capital. Selling in Japanese bonds and fluctuations in the yen have also fueled this fear, due to which there has been a tremendous increase in the demand for gold.
Silver will break all records
Often investors ignore silver in the shine of gold, but BMO report has completely changed their view on silver. According to the report, the performance of silver is much faster than that of gold, due to which the gold-silver ratio has come down to below 50.
Silver is emerging as a strong asset in the new global risk environment. The bank estimates that silver will reach $ 160 per ounce by the end of 2026 and $ 220 per ounce by the end of 2027.
This estimate rests on these conditions
However, this huge rise will depend on some special circumstances. BMO says that this target will be achieved only if Central Banks around the world continue to buy an average of 8 million ounces of gold every quarter. Apart from this, it is also necessary to invest 4 to 5 million ounces in Gold ETF every quarter.
If US dollar weakness continues and real yields remain low, gold prices will touch the magic figure of $6,350 per ounce by Q4 2026 and $8,650 per ounce by 2027.