{"id":"f-445134d771-c489928e-0bfd-5647-b670-bb9721b3d682","title":"IEC 2025: Will Gold Touch Rs 2 Lakh Mark In 2026? Here's What David Tait, CEO Of World Gold Council Said","description":"India Economic Conclave 2025: Tait clarified that the ongoing rally is not primarily driven by the Ukraine war or tariff disputes, noting that such events tend to come and go.","timestamp":1765979753,"category":"business","headline":"IEC 2025: Will Gold Touch Rs 2 Lakh Mark In 2026? Here's What David Tait, CEO Of World Gold Council Said","modifiedHeadline":"Gold May Hit Rs 2 Lakh By 2026, Says WGC CEO","subCategories":["scid_edbc7f13"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"81","fcSummary":"World Gold Council CEO David Tait attributes rising gold prices to escalating global debt, not temporary geopolitical events. He predicts gold's rally will continue into 2026, potentially reaching $6,000 per ounce, driven by factors like deregulation in China, weak currencies, and financial instability.","summary":"WGC CEO David Tait forecasts gold could touch Rs 2 lakh by 2026. Current rally isn't due to Ukraine war/tariffs, which are transient.","ctaUrl":"https://trends.glance.com/newz/news/IN/en/timesnow/f-445134d771-c489928e-0bfd-5647-b670-bb9721b3d682","sourceUrl":"https://www.timesnownews.com/business-economy/economy/iec-2025-will-gold-touch-the-rs-2-lakh-mark-in-2026-heres-what-david-tait-ceo-of-world-gold-council-suggests-article-153307137","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/Tn6yliAYi-Y0.webp","content":"

Rising global debt levels are the primary driver behind the surge in gold prices, said David Tait, CEO of the World Gold Council, while speaking at the Times

\n\n

Network India Economic Conclave 2025. According to Tait, factors such as tariffs and short-term macroeconomic developments are largely “side shows.” He emphasised that gold’s long-term rally is rooted in deeper structural issues rather than temporary geopolitical events. Tait expressed confidence that gold prices will continue to rise in 2026, citing six key reasons:

\n\n\n

Deregulation in China, which could further stimulate gold demand
Weakening global currencies
Persistent geopolitical tensions
Trade and tariff-related stress
Growing nuclear risk
Worsening financial and fiscal instability

“These factors collectively will support a strong rally in gold prices through 2026,” he said.\n
\n
\nHe clarified that the ongoing rally is not primarily driven by the Ukraine war or tariff disputes, noting that such events tend to come and go. What remains, however, is the sustained financial stress caused by excessive government spending. Pointing to the UK, Tait remarked that it is an example of a government struggling to rein in expenditure.\n
\n
\nOn price projections, Tait suggested that gold touching $6,000 per ounce (Nearly 1,92,800 per 100 grams) by 2026 does not seem far-fetched. He added that the rally is unlikely to pause unless there is a meaningful reduction in global debt levels.\n
\n
\nCommenting on central bank behaviour, Tait said central banks are expected to continue increasing their gold reserves. In addition, investor demand for gold is likely to grow steadily over time, further supporting prices.\n
\n
\n

\n \n \n \n

\n
About The Times Network India Economic Conclave 2025
\n
\nOver the past decade, the Times Network India Economic Conclave has emerged as a premier platform shaping India’s economic dialogue, with its themes often influencing national policy debates and public discourse. Now in its 11th edition, the conclave’s theme for 2025 is “Navigating Geoeconomics.” The event brings together policymakers, economists, business leaders, and global influencers to explore strategies for accelerating India’s economic growth.\n

","readDurationInMinutes":"4","author":{"name":"Timesnow","logo":"https://glance-mob.glance-cdn.com/public/bubble/png/aa2bd83c-7ade-426a-b117-9b2ede01f8a2.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"G-77TJDBEN7S","type":"GA"},{"measurementId":"26200502","type":"COMSCORE","partnerName":"glance"}],"pointerSummary":["WGC's Tait: Gold rally driven by rising global debt, not geopolitics or tariffs.","Tait predicts gold prices will rise through 2026, possibly to $6,000/ounce.","Central banks and investor demand to increase gold reserves, supporting prices."],"tags":["GoldPrice","WorldGoldCouncil","DavidTait","IndiaEconomicConclave2025","IEC2025","GlobalDebt","GoldMarket","Commodities","EconomicOutlook","Geopolitics","ChinaDeregulation","CurrencyWeakness","NuclearRisk","FinancialInstability","CentralBanks","GoldReserves","TimesNetwork","NavigatingGeoeconomics"],"consent":true,"redirectionEnabled":false}

IEC 2025: Will Gold Touch Rs 2 Lakh Mark In 2026? Here's What David Tait, CEO Of World Gold Council Said

SUMMARY