Surendra Mehta predicts gold prices could reach $6,200 per ounce by early 2027 if current macroeconomic trends continue [1].

These projections highlight a potential shift in global asset valuation as India navigates volatile import costs and high domestic demand. The forecast suggests a continuing rally that could outpace previous record-breaking growth seen in recent years.

Mehta, the Secretary of the India Bullion & Jewellers Association, discussed the outlook during an interview with Manisha Gupta [1]. He said that silver is likely to trade between $160 and $170 per ounce by 2027 [1]. This growth for silver would be driven by fund inflows and strong demand within India [1].

The predictions follow a period of extreme volatility. In 2025, gold prices rose 70% year-to-date [4], while silver prices more than doubled during the same period [5].

Market dynamics in India are currently influenced by government fiscal policy. India recently increased bullion import duties to 15% from six percent to arrest the slide of the rupee [3]. Despite these higher costs, Mehta said that global monetary policy and the U.S.-Iran deal remain critical drivers for the next leg of the rally [1].

"Gold could climb to $6,200 an ounce by early 2027 if current macro trends continue," Mehta said [1]. He said that the trajectory of precious metals remains tied to the broader global economic landscape, including the behavior of central banks and geopolitical stability [1].

“Gold could climb to $6,200 an ounce by early 2027 if current macro trends continue.”

The forecast indicates a high-conviction bullish outlook on precious metals, suggesting that gold and silver are being viewed as primary hedges against currency devaluation and geopolitical instability. By linking the price targets to the US-Iran deal and Indian import duties, the analysis shows that bullion prices are increasingly sensitive to a mix of localized fiscal policy and international diplomacy rather than just simple market supply and demand.